Destruction of infrastructure, mobilization and emigration: the war destroys the economy of Ukraine - UN

Experts said the monthly budget deficit is estimated at $ 5 billion. Prospects in 2023 and 2024 are very uncertain and will depend on many factors. The full -scale invasion of Russia had a very negative impact on the economy of Ukraine, which in the last year's results decreased by more than 35%. This is stated in the new UN report, which was represented by the Deputy Secretary General of Lee Junhua. It is said that the monthly deficit of the Ukrainian budget is estimated at $ 5 billion.

All because of the large -scale destruction of the country's infrastructure. Railway and other connections with neighboring countries, roads and bridges were severely damaged. In addition, not only trade but also production activities have been violated, as many personnel have called to the army, many emigrated abroad. The economy is also destroyed by the Russian Federation attacks on energy infrastructure, port cities, significant damage or complete destruction of metallurgical plants.

The UN reported that about a third of the general needs of Ukraine's state expenditures managed to cover direct monetary financing of the National Bank. However, the country's foreign exchange reserves were exhausted, and therefore the national currency was devalued. UN economists believe that the prospects of Ukraine's economy in 2023 and 2024 are very uncertain.

They will depend on a large number of factors, including the development or termination of hostilities, the promotion of restoration work. It is noted that those 18 billion euros that the European Union intends to allocate Ukraine may not be not enough. As for the Russian economy, in 2022 it demonstrated, according to the report, higher efficiency than expected.

"After the start of the war in Ukraine, the initial expectations were that in 2022 the Russian economy would be reduced by about 10-15 percent. In practice, the reduction was only about 3 percent," the report said. According to experts, this is explained by the high level of inventory and decisive actions of the Central Bank of Russia. All this made it possible to maintain financial stability. However, in 2023, the economy of the Russian Federation will be reduced by another 2.

9%, if the current situation will remain. Earlier, Focus wrote that new figures of harm to Ukraine infrastructure from the war with the Russian Federation emerged. The Russians caused the biggest damage to the country's housing stock - the enemy army damaged or destroyed almost 150,000 residential buildings. The infrastructure caused by a loss of $ 35. 6 billion was also seriously damaged.