Automatically translated version. May contain inaccuracies compared to the original.
Russian strikes on business and logistics have worsened Ukraine's GDP forecast.
Russian attacks will lead to a significant decline in Ukraine's GDP this year. At year's end, GDP growth may be negative. This was stated by Danilo Hetmanets, head of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, in the Verkhovna Rada, who urged deputies to pass laws necessary to fill the budget.
“The shelling of the energy sector last winter, the fuel crisis in the Middle East, strikes on logistics, and strikes on our most efficient enterprises have led to the fact that today we already forecast a negative GDP growth rate for this year,” Hetmanets said.
According to him, the crisis has already resulted in under-execution of the budget by $1 billion. And this under-execution will continue to grow.
“The war costs 190 million dollars a day, and taxes cover only about a third of our expenditures,” he added.
As a reminder, in the first quarter of 2026, Ukraine recorded a GDP decline of 0,6%, but in April–June the figure changed to a small growth of 0,4%.
In July the situation significantly worsened after Russia focused on strikes against large-scale business and logistics infrastructure. Among the targets were, in particular, non-military enterprises.
In particular, at the end of July a new phase of the sea blockade began. Due to massive shelling of ports and ships, port calls ceased in Greater Odesa, and railway transportation of grain to the Black Sea ports sharply decreased.
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