Ukraine already lost USD 280bn due to russian aggression in 2014-2020

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russian aggression

According to international experts, Ukraine has lost hundreds of billions in the form of lost GDP between 2014 and 2020 because of the russian aggression, Ukrainian Finance Minister Serhiy Marchenko said during a question-and-answer session in the Parliament, according to

“We have been living in the conditions of russian aggression for eight years now. According to international experts, during all the years of military aggression Ukraine has lost about USD 280bn from the occupation of the Donbas and Crimea in the form of lost GDP in 2014-2020,” Marchenko said.

He noted that geopolitical tensions over the escalation of the situation at the Ukrainian border have affected investors’ perceptions of Ukraine’s sovereign debt and this has led to deterioration in Ukraine’s eurobond quotations on foreign markets and a reduction in the portfolio of non-residents in Ukrainian government bonds.

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