Ukraine will see less economic growth this year due to extensive destruction of Ukraine's energy infrastructure by Russia over the winter, an international development bank said Thursday, as businesses struggle to keep going into the fifth year of Russia's invasion.
The European Bank for Reconstruction and Redevelopment halved its 2026 growth forecast for the country to 2.5% in its current outlook from 5% growth in the previous estimate from September.
The EBRD added that the economic effects of Russia's missile and drone attacks on power stations and other equipment that have left people enduring cold and darkness will last beyond that and impact growth in 2027.
