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'Ukrainian economy suffers losses' - Oleg Ustenko, advisor to the President of Ukraine



According to preliminary estimates, currently in Ukraine, as a result of the Russian invasion, assets worth $100 billion have been destroyed or lost. This was stated by Oleg Ustenko, advisor to the President of Ukraine Vladimir Zelensky on economic issues, during a webinar on the platform of the Peterson Institute for International Economics (PIIE):


«According to the most preliminary estimates that we have in our office, we have already lost or assets that have already been destroyed - their estimate is about 100 billion US dollars. These are very rough estimates of what we have already lost»

50% of businesses in the country have closed, and the rest do not work at 100% of their capacity: even if the war stops immediately, there will be no economic growth;

Sowing is under threat. 15% of the Ukrainian economy is the agricultural sector, but it will be worse for the world market if we do not grow crops - this will cause an increase in prices on global markets, a spiral of inflation and problems with food security;


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