September 22, 2024, 6:02 pm
Sponsored by Ground News: Compare news coverage. Spot media bias. Avoid algorithms. Try Ground News today and get 40% off your subscription by going to https://ground.news/perun
Recently, we spoke about the state of Russia’s economy after more than two and a half years of war. It was characterised by strong growth but also signs of overheating, as the economy ran at or beyond capacity.
Today, I want to cover the other side, and look at how Ukraine’s is holding on after extensive Russian pressure. I’ll look at headline economic indicators, the budget, defence production, and the impact of attacks on Ukraine’s energy grid.
Data, graphs and finances – it’s sure to be a great time (if the upload is correct this time).
Patreon:
https://www.patreon.com/PerunAU
Reading and Sourcing:
IMF – Fourth Review of the Extended Arrangement under the Extended Fund Facility… and Statement by the Executive Director for Ukraine
https://www.imf.org/en/Publications/CR/Issues/2024/06/28/Ukraine-Fourth-Review-of-the-Extended-Arrangement-under-the-Extended-Fund-Facility-Request-551207
IMF reach staff level agreement on fifth review under the EFF
https://www.imf.org/en/News/Articles/2024/09/11/pr24326-IMF-and-Ukrainian-Authorities-Reach-Staff-Level-Agreement-Fifth-Review-EFF
Centre for Economic Strategy (Ukrainian) war economy tracker
https://ces.org.ua/en/tracker-economy-during-the-war
OECD outlook, Ukraine 2024
https://newsukraine.rbc.ua/news/ukraine-s-cabinet-of-ministers-submits-2025-1726314318.html
Russia increasing key rate to 19%
https://www.cbr.ru/eng/press/keypr/
Reporting on Ukraine deal on pre-war debt
https://www.politico.eu/article/ukraine-strike-deal-delay-debt-repayment/
Ukraine approves draft 2025 budget
https://www.reuters.com/world/europe/ukraine-government-approves-2025-draft-budget-pm-says-2024-09-13/
https://www.pravda.com.ua/eng/news/2024/09/13/7474981/
https://www.pravda.com.ua/eng/news/2024/09/13/7474981/
https://newsukraine.rbc.ua/news/ukraine-s-cabinet-of-ministers-submits-2025-1726314318.html
August Russian missile attack, example reporting
https://www.abc.net.au/news/2024-08-27/russia-hits-ukraine-s-power-grid/104272830
Previous and other missile attack reporting
https://www.aljazeera.com/news/2024/9/19/russian-attacks-on-ukraine-power-grid-probably-violate-humanitarian-law-un
https://apnews.com/article/russia-ukraine-war-attacks-power-grid-oil-f117d1493f690d2192c9f6c60cbcf32d
https://www.cbsnews.com/news/russia-missile-attack-ukraine-power-outages-kyiv/
Bodhana production reporting
https://kyivindependent.com/ukraines-bohdana-howitzer-is-rolling-off-production-lines-heres-what-it-can-do/
Funding of UA defence industry using proceeds of Russian assets
https://neighbourhood-enlargement.ec.europa.eu/news/first-transfer-eu15-billion-proceeds-immobilised-russian-assets-made-available-support-ukraine-today-2024-07-26_en
EU funds Ukrainian defense industry with €400 million from frozen Russian asset proceeds
Rheinmetall in Ukraine
https://www.rheinmetall.com/en/company/subsidiaries/rheinmetall-ukrainian-defense-industry
https://www.rheinmetall.com/en/media/stories/2023/rheinmetall-a-powerful-partner-at-ukraine-side
https://www.dw.com/en/ukraine-updates-rheinmetall-plans-ukraine-arms-factories/live-68526705
https://www.rheinmetall.com/en/media/news-watch/news/2024/02/2024-02-19-joint-venture-in-the-ukraine
https://www.defenseone.com/business/2024/06/rheinmetall-opens-repair-center-armored-vehicles-ukraine/397283/
https://www.defensenews.com/global/europe/2024/06/11/rheinmetall-opens-repair-facility-for-combat-vehicles-in-ukraine/
Caveats & Comments:
All normal caveats and comments apply. In particular – I would like to note as always that this material has been created for entertainment purposes and is not intended to be a complete or comprehensive examination of the topic in question and should not be relied upon to inform financial or other similar decisions.
Timestamps:
00:00:00 — Opening Words
00:01:01 — What Am I Talking About?
00:03:26 — Looking At Ukraine
00:10:38 — Production Volumes
00:13:35 — Fiscal Stability
00:26:40 — Defence Production
00:38:08 — The Long Range Strike Campaign
00:41:11 — The Ukrainian Power Grid
00:51:45 — What Is Going On Here?
00:56:38 — Interpreting The Data
01:03:08 — A Hard Winter Ahead
01:05:03 — Channel Update
Content Creator – Perun
