Ukraine: Impact of conflict on the Ukrainian economy and implications for humanitarian needs

The Russian invasion of Ukraine in February 2022 has had multiple negative impacts on Ukraine, including damage and destruction to productive assets and critical infrastructure, the displacement of staff and business owners, supply chain disruptions, and disruptions to the banking system in non-government-controlled areas (NGCAs). The impacts are also reflected in several macroeconomic indicators. This report is based on an initial secondary data review on the state of the economy in Ukraine since February 2022. Five key informant interviews with local thematic experts complement this review to provide a more comprehensive understanding of the situation.