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The Guardian - UK
The Guardian - UK
World
Larry Elliott

Intensifying war increasing threat to Ukraine economy, EBRD warns

Man in hard hat, digger and damaged industrial building
A worker surveys damage to a thermal power plant in the west of Ukraine, caused by a Russian strike earlier this month. Photograph: Roman Baluk/Reuters

Ukraine’s war-torn economy faces a renewed threat as Russia’s intensifying war takes its toll on power plants and forces Kyiv to send key workers to the frontline, the European Bank for Reconstruction and Development has warned.

In its latest economic update, the EBRD cut its growth forecasts and said more than two years of fighting in Ukraine was affecting not only the warring countries but also their neighbours.

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