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CED’s Policy Backgrounders provide timely insights on prominent business and economic policy issues facing the nation.
Military developments: Heavy missile attacks on Ukraine continued, including with Iranian drones, in what President Zelensky said was an attempt to “exhaust” Ukraine; Ukraine claims to have shot down almost 500 drones since September. The US charged that Russia’s private mercenary Wagner Group purchased North Korean weapons for use in Ukraine. Heavy fighting continued around Bakhmut in eastern Ukraine, including with units of the Wagner Group. Colonel General Oleksandr Syrskiy, commander of Ukraine’s ground forces, said that “[m]ilitarily, Bakhmut has no strategic importance. But it has psychological significance” as Russia has not been able to advance there despite strong efforts.
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Think tank: War in Ukraine exerts economic effects
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