Finance & economics | Bullets and balance sheets

Ukraine’s economy seems to be growing again

Battlefield success begets economic success

KYIV, UKRAINE - 2022/09/24: A girl walks past the poster with the inscription 'Bring them home alive' in central Kyiv. Every day, an average of 50 Ukrainian soldiers die in battles with the Russian army. (Photo by Oleksii Chumachenko/SOPA Images/LightRocket via Getty Images)
|Odessa

When odessa’s ports were shut by naval threats at the start of the war, farmers were unable to ship their produce. “We were getting phone calls from Milan, crying, saying they didn’t have ingredients for their pasta,” remembers Alla Stoianova, a local official. Since the region’s ports are the main export route for Ukraine—the world’s second-largest exporter of cereals and third-largest exporter of vegetable oils—global food prices rocketed.

This article appeared in the Finance & economics section of the print edition under the headline “The long march back”

Welcome to Britaly

From the October 22nd 2022 edition

Discover stories from this section and more in the list of contents

Explore the edition

More from Finance & economics

A ping pong game with a container instead of a ball.

Do tariffs raise inflation?

Usually. But the bigger problem is that they harm economic growth and innovation

A Gulfstream G600 from Hampshire Aviation Company lands at Barcelona Airport in Barcelona, Spain.

European governments struggle to stop rich people from fleeing

Exit taxes are popular, and counter-productive


Eagle claws, getting ready to collect bonds from a top hat.

Saba Capital wages war on underperforming British investment trusts

How many will end up in Boaz Weinstein’s sights?


Has Japan truly escaped low inflation?

Its central bankers are increasingly hopeful

How American bankers dodged the MAGA carnage

The masters of the universe have escaped an anti-globalist revolt