Intensifying war increasing threat to Ukraine economy, EBRD warns

News Snapshot:

Ukraine’s war-torn economy faces a renewed threat as Russia’s intensifying war takes its toll on power plants and forces Kyiv to send key workers to the frontline, the European Bank for Reconstruction and Development has warned. In its latest economic update, the EBRD cut its growth forecasts and said more than two years of fighting in Ukraine was affecting not only the warring countries but also their neighbours. Beata Javorcik, the EBRD’s chief economist, said the war was “casting a long shadow” as she announced the bank had cut its growth forecast for the regions in which it operates from...