Serhii Mykhalchuk/Global Images Ukraine via Getty Images
- Ukraine's economy faces difficulties ranging from inflation to trade struggles due to war with Russia.
- Central bank data show that Ukraine is running a persistent trade deficit, with a widening gap between imports and exports.
- Ukrainian government spending continues to outpace revenue and income.
Since President Vladimir Putin launched his "special military operation" in February 2022, Ukraine's economy has undergone dramatic changes in the face of war and a shifting geopolitical landscape.
In the last 17 months, Moscow's aggression has killed thousands and displaced millions of Ukrainian citizens. It's also destroyed key export hubs, disrupted trade routes, and rattled financial markets.