Prime Minister of Ukraine Denys Shmygal believes that only in 2022 Ukraine's GDP can be reduced by 30-50 percent, as stated in The Economist column.

Last year, the state's GDP amounted to $ 200 billion and became the largest in its history, despite the occupation of Crimea and Donbas by Russia, the prime minister said.. According to him, before the start of a full-scale invasion of the Russian Federation, the Ukrainian economy was expected to rise in 2022..

On February 24, Vladimir Putin and his Russian army decided to destroy these achievements, and much more.. The development of our country and the pro-Western vector of politics destroyed the Kremlin's imperial ambitions,"

He added that in the first six weeks of the war, Russia caused damage to the Ukrainian economy by more than $500 billion.. According to government estimates, this figure could subsequently increase to one trillion dollars, that is, five times higher than Ukraine's GDP in 2021..

According to Shmyhal, the Russian Federation is now "

In particular, the Russian military blocked all seaports through which more than 70% of goods were exported, destroyed two of the largest Ukrainian metallurgical enterprises - the Mariupol Ilyich plant and the Azovstal plant, and also damaged or destroyed more than seven thousand residential buildings throughout the country..

The Prime Minister also recalled the threat of a global food crisis, which could be caused by Russia's war against Ukraine..

He stated that, according to the Government, about 600 billion dollars will be needed for the full-scale restoration of our state..

Shmyhal believes that the rebuilding of Ukraine should be planned now. In his opinion, frozen Russian assets, grants and soft loans from the West and international organizations, as well as Ukrainian authorities, business and people can become sources of funding for the recovery fund..

Earlier, Prime Minister Denys Shmyhal announced that the European Commission proposed to abolish duties for a year on all exports from Ukraine to the European Union..