Escalating Russia-Ukraine Conflict Prompts Ukrainian Central Bank to Cut GDP Growth Forecast

The ongoing Russia-Ukraine conflict, coupled with shutdowns at Russian oil refineries and strikes across multiple locations, is exacerbating geopolitical risks. Ukraine's central bank plans to downgrade its 2026 GDP growth forecast to 1.1%-1.2%, while the EU has announced the disbursement of €3.3 billion in military aid.