“Ukraine’s government took measures that helped to reduce the monthly deficit in 2023 to $3 to $3.5 billion, which is still a huge figure,”President Volodymyr Zelenskiy’s government has called onto start planning for the massive task of reconstruction this year, though it recognizes large-scale building will be difficult until some peace returns.
The steel sector, a key pillar of the economy, is among the hardest hit. Ukraine was the world’s 14th largest producer of steel before the war. Arcelor’s mining facility in a recently liberated area was strewn with landmines and most of the related infrastructure damaged.
Source: Financial Digest (financialdigest.net)
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