Timothy Ash discusses the impact of Russia’s war on Ukraine’s economy, effectiveness of the Western financial assistance, and what the country needs to maintain economic stability.

In the face of war, Ukraine’s economy resilience has been remarkable. Despite a big hit on economic activity with various estimates of the loss of GDP being from 35-40 per cent, basic economic functions have been maintained.

The banking system has continued to work uninterrupted, alongside the infrastructure, railways, and telecommunications networks.

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