Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Conversation
The Conversation
Politics
Dmitriy Sergeyev, Associate Professor, Department of Eoncomics, Bocconi University

Ukraine war: how the economy has kept running at a time of bitter conflict

November 24 marks nine months since the Russian invasion of Ukraine began. Despite the expectation of the Kremlin – and many international analysts – Ukraine did not fall within days. It repelled Russia’s advance on the capital Kyiv, turned the tide on the battlefields and has now retaken half of territory captured in Russia’s initial push. Ukraine’s military now has initiative and momentum on the battlefield.

But the human cost of this resistance has been enormous. Tens of thousands of Ukrainian soldiers and civilians have lost their lives. The recent UN Human Rights report confirmed the death of 6,595 civilians and warned that there are many more likely to come. One-third of the 44 million population has been displaced: 6.5 million within Ukraine and almost 8 million as refugees in other European countries.

Having failed to complete its mission on the battlefield, Russian forces have resorted to terrorising the civilian population with missiles and drone attacks. These have resulted in many civilian casualties and severe damage to critical infrastructure.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.