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Ukraine Braces for Harsh Winter as Russian Attacks Strain Economy

Ukraine Braces for Harsh Winter as Russian Attacks Strain Economy
Ukraine braces for harsh winter as Russian attacks hit economy · theprint.in

Ukraine is preparing for a very difficult winter.

Russian attacks are damaging power, transport, and other important infrastructure.

The attacks are also hurting businesses and making it harder for Ukraine to export goods.

Ukraine’s ports on the Black Sea are effectively blocked, putting billions of dollars in export income at risk.

The country’s government is collecting less money than expected.

At the same time, the war is costing more because of inflation, more troops, social payments, and ammunition use.

Ukraine spent more on defence than it raised through domestic revenue and borrowing during the first eight months of the year.

Officials say the government needs additional help to pay for defence and other essential services.

Ukraine is discussing more financial support with Western partners but has not found a quick solution.

Key facts

Infrastructure damage
Nearly $10 billion in damage to infrastructure and fixed assets from Russian air strikes this year.
Economic impact
The broader economic costs of attacks and the effective port blockage were estimated at about 1.5 percentage points of GDP.
Export revenue at risk
About $40 billion because of the effective blockage of Black Sea ports.
Domestic revenue shortfall
$1.35 billion below expectations during the first eight months of the year.
Defence spending
About $42 billion in the first eight months, excluding in-kind military support.
Domestic financing
Domestic revenue and local borrowing generated $39 billion during the first eight months.
Daily war cost
About $190 million this year, compared with $140 million in 2024.

Quotes

Oleksandr Kravchenko

Ukraine’s economy minister

“We anticipate a very difficult winter in terms of both critical infrastructure, which is being destroyed every day by Russian attacks, but also in terms of overall economic conditions in the country”
theprint.in
“Unfortunately, this year the war has gotten so expensive that we can’t even cover our share of the costs”
theprint.in

Sources

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