Friday, August 5. Russia’s War On Ukraine: News And Information From Ukraine

Business Friday, August 5. Russia’s War On Ukraine: News And Information From Ukraine Katya Soldak Forbes Staff Forbes Ukraine Forbes Staff Aug 5, 2022, 05:47pm EDT | Share to Facebook Share to Twitter Share to Linkedin A view of the headquarters of the Mykolaiv Regional Military Administration building destroyed by a . .

. [+] Russian attack in Mykolaiv, Ukraine, Friday, Aug. 5, 2022.

(AP Photo/Evgeniy Maloletka) Copyright 2022 The Associated Press. All rights reserved Dispatches from Ukraine, provided by Forbes Ukraine’s editorial team. As Russia’s invasion of Ukraine continues and the war rages on, reliable sources of information are critical.

Forbes Ukraine’s reporters gather information and provide updates on the situation. Friday, August 5. Day 163.

By Dmytro Aksyonov Mykolaiv. Russian forces have extensively shelled the city of Mykolaiv, leading to one civilian’s death and 21 injuries, including one child , reports Presidential Advisor Kyrylo Tymoshenko. Russian forces used cluster shells (banned by international conventions).

Additionally, 21 private homes have been destroyed. Enerhodar. Power lines at the Zaporizhzhia Nuclear Power Plant, currently occupied by Russians, have been shelled, leading to both Ukrainian and Russian sources trading blame for the incident.

US Secretary of State Antony Blinken accused Russia earlier this week of using the plant, which they occupy since March, as a military base to launch attacks on Ukrainian forces. Ukraine says nuclear company Energoatom claims that Russian soldiers are to blame. The degree of damage is unlikely to affect the plant’s functioning.

Kharkiv. Since the beginning of Russia’s full-scale war against Ukraine, Russian troops have damaged 9,826 critical infrastructure objects in the Kharkiv region, according to Ukraine’s president’s office. Kharkiv administration reports, 2 men and 1 woman were injured in missile attacks on August 5.

The attack damaged residential buildings, shops, a market, and an educational building. In the Russia-occupied Kherson, a Russian-installed head of the Kherson administration, Volodymyr Saldo, has been hospitalized and is reportedly in critical condition , various sources report . Reportedly, Saldo has been put into a medically-induced coma and is being transported to a hospital in Moscow, Russia.

The reason behind his condition is suspected to be either a natural stroke or deliberate poisoning. MORE FOR YOU Pfizer Tests Pill That Could Prevent Covid Infection Liz Cheney Needles Trump For Bashing Bush: ‘I Like Republican Presidents Who Win Re-Election’ Covid Pandemic Slashes Life Expectancy — Here’s Where It Fell The Most According to a report published by The Economist , the effect of the war in Ukraine on the global economy could lead to a staggering drop of $1 trillion in expected growth of the global GDP in 2022 . The war’s most severe effects manifest not only as the global food crisis—exacerbated by Ukraine being a major food exporter—but as a slump in the Eurozone’s growth as a result of the bloc’s dependence on Russian hydrocarbons.

The Biden administration is preparing the next security assistance package for Ukraine, which is expected to total $1 billion. This is one of the largest packages so far, and includes munitions for long-range weapons and armored medical transport vehicles, three sources briefed on the matter told Reuters on Friday. The new package would be funded under the Presidential Drawdown Authority (PDA), which allows the president to authorize the transfer of articles and services from U.

S. stocks without congressional approval in response to an emergency. Russian President Vladimir Putin has issued a new decree that bans investors from countries which support sanctions on Russia from selling their assets in production sharing agreements (PSA), banks, strategic entities, companies producing energy equipment, as well as in other projects, from oil and gas production to coal and nickel.

The decree is the latest in a series of moves taken by the Russian government to minimize the effect of sanctions on the Russian economy. Katya Soldak Forbes Ukraine Editorial Standards Print Reprints & Permissions.