While support for Ukraine remains high overall in the United States eight months into the war, Americans’ wallets are feeling the pinch of rising fuel and gas prices following heavy sanctions against Russia.
Moscow accuses Kyiv of plotting to detonate a “dirty bomb” in a false-flag attack on its own territory, despite not providing any evidence to prove the claim.
Ukraine has steadily cut off its economic ties with Belarus throughout this year, the impacts from this on the Belarusian economy have clearly been a major source of headache for Minsk officials.
Delay to onset of heating season helping to protect European gas stocks despite weak flows of Russian gas.
Ukraine’s secret service (SBU) has detained the head of Motor Sich, a leading aircraft engine manufacturer, over allegations of Russian co-operation, the Kyiv Independent reported on October 23.
More than half of Ukraine’s energy facilities have been damaged after massive Russian strikes over the weekend, Ukraine Business News reported on October 24.
Russia struck Ukraine’s key civilian infrastructure on October 4, destroying power plants and plunging half the country into darkness. Low on missiles, Moscow bought hundreds of Iranian Shahed 136 kamikaze drones and now may buy ballistic missiles.
With Ukraine’s sunflower exports forecast to plummet this year, Kazakhstan is moving to fill the gap.
The International Monetary Fund has said that it expects inflation pressures to be significant around the world in 2022. Inflation is predicted to be worse in developing economies, where price increases are projected to reach 9.9% on average.
Ukraine looks towards a green future with post-war developments focusing on renewable energy sources, Ukraine Business News reported on October 21.
Ukraine’s government is struggling to sell new bonds on the local market amidst an ailing hryvnia and a closed Eurobond market.
Ukraine is increasingly fearing a renewed invasion from Belarusian territory, but while Minsk might hold back for a while longer, Russia is intensifying its aerial assaults against Ukraine from Belarusian territory.
For 2023 the wiiw has revised its forecasts down, and overall Emerging Europe growth will average just 0.3%, barely above the 0.2% predicted for the Eurozone.
How much will President Vladimir Putin’s war in Ukraine cost the Russian economy? The military costs are going to run over $110bn, but the true cost of derailing Russia's potential will probably run into the trillions.
Russian authorities ordered the evacuation of 50,000 from the southern Ukrainian town of Kherson occupied by Russians, as fighting around the city intensified on October 19. Putin also declared martial law in the four annexed regions.
Unicef research shows the impact has fallen disproportionately on children, with sharp increases in child poverty across Eastern Europe and Central Asia.
Ukraine’s foreign minister calls for breaking off of diplomatic ties with Tehran. Kyiv turns to Iranians’ arch-foe Israel with missile defence requests.
However much well-meaning Westerners may speak glowingly of the need for talks between Kyiv and Moscow, at present there is no scope or prospect for any meaningful talks. The battlefield will decide the conclusion to the conflict, not negotiations.
Europe is hoping to wean itself off Russian gas and turn to renewables but only a few countries rely on hydropower for the majority of their energy needs, while most of the rest of Europe relies on oil and gas.
Bloc's foreign policy chief says Europe will look for hard evidence of Tehran supplying Russia with the deadly weapon.