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1,000 Days of Ukraine-Russia’s War: Projections vs. Reality

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  • Tetteh, Iuliia
  • Colussi, Joana

Abstract

A thousand days after the full-scale Ukraine-Russia conflict began, the question remains: will Ukraine be able to remain relevant in the global agricultural market? Despite some economic growth in mid-2024, Ukraine’s GDP remains 22% below 2021 levels, and recovery to pre-war levels is estimated to take five years if the war ends now. Given the decline in metal exports, agriculture now accounts for 63% of export revenue, compared to 40% before the war. This article examines the impact of the war on Ukraine’s agricultural sector, particularly in corn and wheat production and exports, since the conflict began nearly three years ago.

Suggested Citation

  • Tetteh, Iuliia & Colussi, Joana, 2025. "1,000 Days of Ukraine-Russia’s War: Projections vs. Reality," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 14(219).
    • Handle: RePEc:ags:illufd:358388
    DOI: 10.22004/ag.econ.358388
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    Keywords

    Agribusiness; Grain Outlook;

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