Ukraine has made significant progress in the economic war against Russia, but its success will depend on overcoming critical shortages of power, men, and money. The conflict has become a defining factor for businesses across the country.
For Mykhailo Travetsky, a farmer in Pryluky, the invasion marked a turning point. His farm became a battleground as locals fought to keep Russian forces at bay. Shells rained down on the area, while Travetsky milked his cows twice daily, ever vigilant with an automatic rifle by his side.
The economic battle is intensifying, with Ukraine’s economy showing signs of resilience despite the challenges. However, the country’s ability to sustain this progress will be crucial in determining its long-term success.
Meanwhile, other countries face their own economic struggles, including America’s frothy stock market and Brazil’s plummeting currency, highlighting the complexities of global economics during times of conflict.
Source: https://www.economist.com/finance-and-economics/2024/12/18/ukraine-is-winning-the-economic-war-against-russia