Shadow economy keeps saving the country from collapse

A mural, thought to be by well-known graffiti artist Banksy, on a damaged building near Kyiv.

The painting alludes to Russia’s President Vladimir Putin, who is passionate about judo.

(Photo: dpa)

Berlin Suddenly the image of Oksana Kuziakiv stops. The economist was sitting in front of her PC in the center of Kyiv on Monday morning when the power and grid suddenly went out – again. The video call with the daily mirror breaks off. Just ten minutes earlier, Kuziakiv had said that she was not expecting any unplanned power outages today. Larger attacks by Russia on the Ukrainian infrastructure are not expected until the middle of the week.

However, they are obviously not predictable, as the power outage on Monday shows. This not only unsettles the population, but also has massive consequences for the Ukrainian economy. The Russian attacks on nuclear power plants and electricity generators are not only intended to break Ukrainian morale, but also to wear down the country economically.

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