A perfect storm of job losses, high prices and soaring utility bills caused largely by Russia’s invasion has left millions of ordinary Ukrainians struggling to get by.
Many have found themselves in financial difficulties due to reduced income or loss of work altogether.
According to the National Bank of Ukraine, the annual unemployment rate in Ukraine in 2023 is expected to be 26% – more than double its 2021 average of 10.3%. Economic losses from the war reached $700bn in 2022, while 14.5 million Ukrainians fled the country altogether, 40% of them now working abroad. Others who have left include employers.
