Reports

Ukraine country report - June, 2024

June 1, 2024

Ukraine's economy is reeling under heavy assault by Russian forces, with real GDP growth slowing in April due to sustained attacks on the energy system. Ukrainian Commander-in-Chief Oleksandr Syrskyi ... more

Ukraine country - May, 2024

May 1, 2024

The US House of Representatives passed a crucial foreign aid package worth $61bn for Ukraine, Israel, and other allies on April 20, following months of political wrangling and escalating tensions on ... more

Russia country report - April, 2024

March 31, 2024

Russia’s economic growth remained strong in March and even accelerated mildly. GDP growth in January amounted to 4.6% y/y (after +3.6% at the end of 2023), supported by manufacturing and wholesale ... more

Ukraine country report - April, 2024

March 30, 2024

Ukraine is running out of money, men, ammo and time. Since the US cut off its financing in January and Russia retook Avdiivka on February 17 Kyiv has lost the initiative in the war. The skies are ... more

Russia country report - March, 2024

March 1, 2024

Russia's economic growth accelerated in January 2024, expanding by 4.6% y/y, up from a 4.4% increase in December, according to the Russian Ministry of Economic Development. Both industrial ... more

Ukraine country report - February, 2024

February 2, 2024

Ukraine's economy grew 5% in 2023, far better than anyone expected, following a substantial decline of 28.8% in 2022, according to Yulia Svyrydenko, the First Deputy Prime Minister and Minister of ... more

Russia country report - February, 2024

February 1, 2024

The latest revisions to Rosstat data says that Russia ended 2023 with even better growth than the 3.5% expected at 4%. This is almost double the 2.2% expected as late as December. The military ... more

Ukraine country report January 2024 - January, 2024

January 3, 2024

Ukraine's economy depends on continued aid and that dried up starting in August 2023. The US $61bn aid package failed to pass congress in the last months of 2023 and a four-year €50bn EU package ... more

Russian country report January 2024 - January, 2024

January 2, 2024

Russia’s economy defied all expectations in 2023 by not only not collapsing but was the fastest growing country in Europe by the end of 2023. The rapid economic growth in 2023 has been fueled ... more

Ukraine country report December 2023 - December, 2023

December 1, 2023

Economically, Ukraine has had a good year in 2023. Top investment bank Concorde Capital has forecasted that Ukraine's GDP will grow by approximately 6% in 2023 after a heavy contraction in 2022. ... more

Russian country report December 2023 - December, 2023

December 1, 2023

The Russian economy put in a robust performance in 2023 despite facing formidable challenges, according to recent data published by Rosstat. The activity data today suggest that, after a very ... more

Russian country report December 2023 - December, 2023

December 1, 2023

The Russian economy put in a robust performance in 2023 despite facing formidable challenges, according to recent data published by Rosstat. The activity data today suggest that, after a very ... more

Ukraine country report - November 2023 - November, 2023

November 1, 2023

Ukraine's economy has displayed resilience and growth despite the ongoing conflict with Russia, with GDP expanding by more than 9% in September 2023 compared to the same month last year, according to ... more

Russia country report - November, 2023

November 1, 2023

Russian President Vladimir Putin says the Russian economy is performing "better than previously expected" but some economists say it is actually overheating. Despite a tight labour market and ... more

Ukraine country report - October, 2023

October 2, 2023

Ukraine’s economy put in its first positive growth since the war began 19 months ago expanding by 19.5% in the second quarter of this year compared to the same period last year, according to ... more

Russia country report Oct23 - October, 2023

October 2, 2023

Russia’s economy has turned the corner and the “the worst is over” Prime Minister Mikhail Mishustin said at a conference at the end of September, predicting that this growth would be a healthy ... more

Ukraine country report Sept 2023 - September, 2023

September 6, 2023

Ukraine's economic trajectory is currently shaped by a combination of GDP growth expectations, military strategy, and various economic developments. The nation continues to navigate through ... more

Ukraine country report Sept 2023 - September, 2023

September 6, 2023

Ukraine's economic trajectory is currently shaped by a combination of GDP growth expectations, military strategy, and various economic developments. The nation continues to navigate through ... more

Russia monthly country report - September, 2023

September 1, 2023

The Russian economy has recovered from the downturn of spring 2022. Russia’s gross domestic product (GDP) grew by 4.8% on the year in April-June, the central bank said late on August 1. In ... more

Ukraine monthly country report August 2023 - August, 2023

August 3, 2023

The Ukrainian economy continues to exceed expectations by a significant margin thanks to uninterrupted flows of international financial aid. GDP growth may exceed 5% this year, as the better safety ... more

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