Stuck on the Battlefield, Russia Wages ‘Total War’ on Ukraine’s Economy
Russia has intensified its aerial campaign against Ukraine, targeting the country's economy by destroying or damaging over 30 Epicentr facilities, tripling warehouse rents in western Ukraine, and causing significant losses to businesses. Ukraine's economy ministry estimates the economic damage will reach $10 billion by the end of the year. The situation has led to a substantial increase in prepayment for electronics and other goods.
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- ✓ Russia's economic campaign against Ukraine will cause $10 billion in damage by the end of the year.
- ✓ Over 30 Epicentr facilities have been destroyed or damaged by Russian strikes.
- ✓ Warehouse rents in western Ukraine have tripled due to Russian strikes.
- ✓ Ukraine's Epicentr chain has lost 7,000 jobs due to intensified Russian strikes.
What changed
Russia has doubled its strikes on depots in the Kyiv region, further escalating its campaign against Ukraine's economy.
Live updates
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Russia Wages 'Total War' on Ukraine's Economy
Russia has intensified its aerial campaign against Ukraine, targeting the country's economy by destroying or damaging over 30 Epicentr facilities, tripling warehouse rents in western Ukraine, and causing significant losses to businesses. Ukraine's economy ministry estimates the economic damage will reach $10 billion by the end of the year. The situation has led to a substantial increase in prepayment for electronics and other goods.
Why it matters
The ongoing conflict between Russia and Ukraine has entered a new phase, with Russia focusing on crippling Ukraine's economy. This strategy comes as Russia faces challenges on the battlefield. The economic war has significant implications for Ukraine's stability and its ability to withstand Russian aggression.
What is confirmed
- Russia's economic campaign against Ukraine will cause $10 billion in damage by the end of the year.
- Over 30 Epicentr facilities have been destroyed or damaged by Russian strikes.
- Warehouse rents in western Ukraine have tripled due to Russian strikes.
- Ukraine's Epicentr chain has lost 7,000 jobs due to intensified Russian strikes.
Still unconfirmed
- Russia's new air campaign seeks to destroy Ukraine's economy
What to watch next
- Further escalation of Russian strikes on Ukrainian economic targets
- Ukraine's response to Russia's economic warfare strategy
- The impact of winter on Ukraine's economy and infrastructure
confidence 85%Sources used for this update (19)
- www.nytimes.com — Russia-Ukraine War - The New York Times
- nytimes.com — Stuck on the Battlefield, Russia Wages ‘Total War’ on Ukraine’s Economy
- Financial Times — Russia’s new air campaign seeks to destroy Ukrainian economy
- ubn.news — Warehouse Rents Triple in Western Ukraine as Russian Strikes Force Logistics Shift.
- ua.news — Berger Cargo reported losses of ₴65 million due to Ukraine's attacks on its warehouses
- The New Voice of Ukraine — Russian strikes have destroyed or damaged over 30 Epicentr facilities — co-founder
- Caliber.Az — Ukraine’s Epicentr chain loses 7,000 jobs as Russian strikes intensify
- RBC-Ukraine — Ukraine enters most difficult phase of war - NYT
- www.inquirer.com — Stuck on the battlefield, Russia wages ‘total war’ on Ukraine’s economy
- Цензор.НЕТ — War of economic attrition: Ukraine is entering most challenging phase of its confrontation with Russia, – New York Times
- hindustantimes.com — Russian strikes intensify on Kyiv warehouses: AFP analysis
- ukranews.com — Ukraine entering most difficult phase of war - media reports
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