Ukraine budget may lose $1.5B due to Russian strikes on business - PM

Ukrainian Prime Minister Serhii Koretskyi says the state could lose roughly 70 billion UAH, about $1.57 billion, in tax revenue because Russian strikes have hit businesses across the country, with the figure expected to keep climbing as strikes continue daily. The government has responded by auditing state-owned properties to open warehousing and manufacturing space to private commercial use.

Officials are also planning to decentralize logistics infrastructure, coordinating with major retailers and negotiating with neighboring countries on streamlined border crossings. Koretskyi says the government wants to create a roughly $1 billion war-risk insurance fund, hoping international partners will expand it, aiming to cover 40 to 50 percent of direct attack damages.

The announcement follows a wave of strikes on logistics and industrial targets: an August 5 missile raid on Kyiv that destroyed Rozetka's Brovary complex and hit Epicentr, Nova Poshta, Silpo, Novus, and other firms, killing six workers at Silpo alone, plus further strikes through early September hitting Auchan, Coca-Cola, Biokon, and Teva facilities, the latter twice in one day.

The full dispatch is available from the source below.