This brief presents an overview of Ukraine's economy before and during the first ten months of the Russo-Ukraine war …, as well as some preliminary considerations for the post-war economy. Although Ukraine's economic growth trailed many of …'s economic recovery. As long as the war continues, Ukraine's public finances and military efforts must largely be financed by …

highlights the drivers of Russia's recent investment boom. During 2022, the first year of the full-blown war in Ukraine …, investment growth was dominated by increased budget spending, war-related investment in construction of transport and warehouse … to firms funding investment out of pocket and manufacturing, particularly firms involved in war-related or resource …

sanctions in Russia and other countries. Our analysis suggests that the general economic effects of the war and sanctions on …