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COUNTRY INSIGHTS

Big battles ahead, as economy hangs on foreign support
UKRAINE · Report · 23 Jan 2023

Since mid-December, most media attention has been focused on two small towns in Eastern Ukraine — Bakhmut and Soledar. The Russians have been intensively burning through their manpower in frontal attacks on both. By mid-January, Soledar had been captured by Russian forces, but in light of Russia’...

Power grids attacked; Kherson liberated; plans for 2023
UKRAINE · Report · 16 Nov 2022

The liberation of Kherson in mid-November was a turning point in Russia’s war. In February, everyone wondered how quickly Ukraine would fall, but through spring the key element was the ability of Ukraine’s Armed Forces to withstand Russia’s “artillery firewall.” By summer, everyone was wondering ...

Ukrainian forces entered Kherson
UKRAINE · In Brief · 11 Nov 2022

We have many photos evidencing that Ukrainian forces entered Kherson. Below is the photo of the central square of Kherson with the Ukrainian flag and people gathering with Ukrainian national symbolic. It looks like the main Russian forces indeed have left the west bank of Dnipro river.

Ukrainian forces report big progress near Kherson
UKRAINE · In Brief · 10 Nov 2022

Today we have a flow of reports about many villages near Kherson that Ukrainian forces liberated. The most impressive was information that Ukrainian forces entered Tomaryne, a village just 8 km from Beryslav and 14 km from Nova Kahovka. The General Staff is still not rushing to jump in euphoria o...

Russians claim troops are leaving Kherson but this might be a trap
UKRAINE · In Brief · 09 Nov 2022

Today in the morning there were stingy reports about Ukrainian forces taking Snihurivka, a critical stronghold of Russian frontline to the North of Kherson. Heavy fights for Snihurivka have lasted for several months. We do not know what happened whether Russians just withdrew or Ukrainian forces ...

Spending plan 2023: budget deficit of 20.6% of GDP and huge spending on defense
UKRAINE · In Brief · 04 Nov 2022

Yesterday, on November 3nd, Verkhovna Rada approved spending plan 2023. It presumes a deficit of 20.6% of GDP or $30.7 billion. Also the plan defines huge spending on defense on the level of $27 billion or 18.2% of GDP (44% of total budget spending). The approved spending plan tells that the defi...

The NBU keeps prime rate unchanged at 25%, slightly improves macro-forecast
UKRAINE · In Brief · 20 Oct 2022

The NBU Board meeting did not bring any surprises today. The prime rate was left unchanged at 25% and the NBU even stated that further increase of prime rate is possible if needed. At the same time the NBU this time was more optimistic on Ukraine macroeconomic prospects improving GDP slightly est...

The Head of the Central Bank Kyrylo Shevchenko resigns amid corruption charges filed
UKRAINE · In Brief · 06 Oct 2022

On October 4th late in the evening there came out shocking news. The Head of the NBU Kyrylo Shevchenko decided to resign "due to health reasons". This move was really surprising and rumors spread that the Chief of Staff Andriy Yermak finally managed to promote for this post his protégé Andriy Pys...

Ukrainian forces gain more land in the South and North
UKRAINE · In Brief · 04 Oct 2022

Ukrainian forces keep advancing fast. Over the recent days there was substantial progress in the South near Kherson. Also the Ukrainian army continues to advance in the Luhansk area after retaking Lyman. Near Kherson Ukrainian forces managed to break the frontline a few days ago along the Dnipro ...

Ukrainian forces retake lands amid Putin's announcing annexations
UKRAINE · In Brief · 01 Oct 2022

On the day Vladimir Putin was announcing the annexation of occupied territories Ukrainian forces completed the total encirclement of the Russian grouping in Lyman (nearly 5000 soldiers). This grouping is not big but it includes the most motivated and best trained soldiers Russians have in this ar...

Lyman cauldron: Ukrainian forces develop counteroffensive
UKRAINE · In Brief · 28 Sep 2022

The Ukrainian army broke the front on the east bank of the Oskil River and took Lyman in an operational circle. After a hasty withdrawal from Izyum, Russians entrenched themselves in Lyman and tried to make a stronghold in this town. Russian forces made an attempt to stabilize the front across th...

Putin calls for "partial mobilization" – an extra challenge to deal with
UKRAINE · In Brief · 21 Sep 2022

Well, we are moving to the "next level" of the war. Until Sept 21st, 2022, the Russian population was observing the invasion from the outside of the field, just cheering their team. Sanctions created some minor inconveniences but it’s nothing compared to the hardships Ukrainians had to pass throu...

Russians totally withdrew from the North of Kharkiv region
UKRAINE · In Brief · 11 Sep 2022

We have astonishing flow of news from the frontline. Ukrainian forces are retaking villages and towns one by one. There is a huge amount of captured Russian weaponry and ammunition. The updated reports tell that Russian forces totally withdrew from the North of Kharkiv region. This means that the...

Izyum cauldron: Russian frontline broken near Kharkiv
UKRAINE · In Brief · 09 Sep 2022

Over the last three days we have observed a breathtaking development at the front. While all eyes were on the South, the Ukrainian army unleashed a swift offensive near Izyum (close to Kharkiv). Recall, back in May, the Izyum direction was one of the key priorities for Kremlin to capture Luhansk ...

Invasion halted, economy damaged, de-occupation underway
UKRAINE · Report · 07 Sep 2022

A half a year has passed since the start of the unprovoked full-fledged Russian aggression. Ukrainian armed forces, backed by Ukrainian society and extensive support from the civilized world, managed to stop the invasion across the board. By midsummer the frontline had stabilized, and the Ukrai...

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