Russia-Ukraine Conflict Escalates, Ukrainian Central Bank Cuts GDP Growth Forecast

On September 18, per Jin10 Data, the latest situation in the Russia-Ukraine conflict shows Russian forces continuing to strike military targets and port facilities within Ukraine, while Ukrainian forces launched attacks on Russia's Belgorod region. Due to drone strikes, an oil refinery in Russia's Yaroslavl Oblast has suspended crude oil processing. The Polish military confirmed that its airspace was not violated during the Russian strikes.

On the macroeconomic and diplomatic front, the National Bank of Ukraine indicated it may lower its 2026 GDP growth forecast from 1.8% to 1.1%-1.2%. European Commission President Ursula von der Leyen announced the disbursement of 3.3 billion euros to Ukraine for the procurement of missiles and drones. Russian Foreign Minister Lavrov noted that Russia-U.S. dialogue has yet to yield substantive results, while the Kremlin stated that new U.S. sanctions would make a peace agreement harder to reach.

[TechFlow]