Kiev, Jan 6: In the wake of Russia's ongoing war against Ukraine, the country's GDP declined by a record 30.4 per cent last year, the Economy Ministry said citing preliminary estimates.

"In 2022, the Ukrainian economy suffered its largest losses and damage in the entire history of independence," Xinhua news agency quoted Economy Minister Yulia Svyrydenko as saying. Vladimir Putin Health Update: ‘Russian President Has Cancer, Will Die Very Soon’, Claims Ukrainian Intelligence Chief.

In December 2022, Ukraine's GDP declined 34 per cent due to a certain stabilisation of the situation with energy supply, after a fall of 37 per cent in November, the Ministry said.

In the fourth quarter of last year, Ukraine's economy experienced a decline of 35.5 per cent compared with the same period in 2021, it said. Russia-Ukraine War: Russian President Vladimir Putin Orders 36-Hour Weekend Cease-Fire in Ukraine.

The Ukrainian economy saw a 3.4-per cent growth in 2021.

The country's GDP is expected to rise 3.2 per cent this year, according to the government's projection.

(The above story first appeared on LatestLY on Jan 06, 2023 04:47 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).