Ukraine's economy falls 30.4% in 2022 amid Russian invasion: Minister

Russia-Ukraine War: The minister said in a statement that Ukraine's economy had suffered its largest losses since independence in 1991.

Published on: Jan 5, 2023, 13:21:31 IST

Reuters

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Ukraine's gross domestic product fell by 30.4% in 2022 according to a preliminary estimate, a fall that was less than expected, Economy Minister Yulia Svyrydenko said on Thursday.

Russia-Ukraine War: A serviceman collects fragments of missile in a crater left by a Russian strike in Kyiv. (AFP)

She said in a statement that Ukraine's economy had suffered its largest losses since independence in 1991 due to the large-scale invasion by Russia in February last year.