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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.
Eastern European nations confronting a plethora of economic threats fuelled by war on their doorstep may face fresh pressure if peace is reached in Ukraine - from tight labour markets that fuel ...
The World Bank's report released Sunday provides further details and numbers. In that report the World Bank revised its projection for Armenia's economic growth in 2022 from 5.3% to 1.2%, noting that "the impact of Russia's invasion of Ukraine on Armenia's economy is likely to be notably negative, but the scale remains undetermined."
Swiss companies had been seriously affected by the war in Ukraine, and resulting economic sanctions. By the end of July 2023, as a result of additional sanctions imposed by the EU, Ukraine and the U.S., crude oil prices were again rising by as much as 8%, and concurrently the price for discounted Russian Urals crude was also increasing. Despite ...
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 ...
'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 ...
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 spokesperson for the Vietnamese Ministry of Foreign Affairs, Lê Thị Thu Hằng, stated Vietnam "calls on parties concerned in the Ukraine crisis to exercise self-restraint, enhance dialogue efforts and step up diplomatic measures to peacefully settle differences with respect for the United Nations Charter and fundamental principles of ...