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Ukraine accounted for 10% of global wheat exports. [125] At the time of the invasion, Ukraine was the fourth-largest exporter of corn and wheat, and the world's largest exporter of sunflower oil, with Russia and Ukraine together responsible for 27% of the world's wheat exports and 53% of the world's sunflowers and seeds. [126]
The US also expressed concern at a Ukrainian drone strike against a Russian nuclear early-warning radar, believing that it could dangerously unsettle the Russian government. [11] In May 2024, Biden gave Ukraine permission to strike targets inside Russia adjacent to the Kharkiv region of Ukraine using American-supplied weapons. [12]
Although typically known as the industrial base of the Soviet Union, agriculture is a large part of Ukraine's economy. Ukraine is one of the world's largest agricultural producers and exporters and is known as the breadbasket of Europe. [159] In 2008, agriculture accounted for 8.29% of Ukraine's GDP and by 2012 had grown to 10.43% of the GDP.
"I must say that the situation is changing dramatically," Russia's president, Vladimir Putin, declared at his end-of-year news conference in December. ... Ukraine's recent past, he said, had left ...
The Bank’s Financial Policy Committee said UK lenders remain strong enough to ‘withstand severe market and economic disruption’. Ukraine war clouds economic outlook and puts borrowers under ...
The International Monetary Fund will start a new Ukraine mission in coming weeks to assess the war-torn country's $15.6 billion loan program and latest economic developments there amid stepped up ...
David Malpass, president of the World Bank Group, warned of far-reaching economic and social effects, and reported the bank was preparing significant economic and fiscal support to Ukraine and the region. [416] Economic sanctions affected Russia from the first day of the invasion; its stock market fell by up to 39% .
'Right now, Ukraine’s allies can help most by freeing Ukraine’s Black Sea ports, with or without Russian cooperation,' writes James K. Glassman. How the West can help Ukraine win its economic ...