Current forecasts for gross domestic product in 2023 ranged from a further contraction of 0.4% to an expansion of 15.5%, after a likely contraction of 30-35% this year.

First Deputy Prime Minister of Ukraine - Minister of Economy of Ukraine Yulia Svyrydenko told in an interview with Reuters.

She has explained the level of stabilization and expansion depends on military developments in the war.

"We understand that we have to keep the economy moving. It’s very hard to make new forecasts because of the uncertainty. It fully depends on the military scenario," Yulia Svyrydenko added.

Government officials engage in compiling macroeconomic forecasts ahead of the start of negotiations next month with the International Monetary Fund on a fresh lending programme.

Ukraine's previous $5 billion loan programme with the IMF was cancelled in March as the IMF approved $1.4 billion in emergency financing with few conditions in the early weeks of the all-out invasion of Ukraine by the rf.

As a reminder, Ukraine has received $12.7 billion in international budget support from other countries and institutions since russia's invasion, and expected another $14 billion in already pledged aid to come in before the end of the year.