The World Bank expects Ukraine's economic output to be cut almost by half, as Russia's invasion of the country has shut or destroyed businesses and cut off its maritime shipping.
More than half of Ukraine's businesses are closed, while others still open are operating at well under normal capacity, the World Bank said. The closure of Black Sea shipping from Ukraine has cut off some 90% of the country's grain exports and half of its total exports.
Meanwhile, Austrian Chancellor Karl Nehammer said on Twitter that he plans to meet Russian President Vladimir Putin in Moscow on Monday, marking the first in-person meeting between Putin and a European Union leader since Russia invaded Ukraine in late February.
Nehammer visited Ukraine and met with Ukrainian president Volodymyr Zelenskyy on Saturday. Austria has been providing humanitarian aid to Ukraine during the war.