Ukraine's economy could drop by at least a third

The central bank of Ukraine today announced that its economy could decline by at least one third this year and inflation exceed 20 percent under the influence of the Russian occupation.

The decision on basic interest rates has been postponed for the second time since the start of the war on February 24th, a bank statement said.

It remains important to maintain a fixed course of exchange of hryvnia, they noted, adding that they would re-evaluate a different exchange course once the Ukrainian currency market is balanced.