German advisors estimate losses of Ukrainian economy due to Donbas blockade at 1.6% of GDP

"We have calculated that the uncontrolled areas now produce 1.6% of Ukraine's GDP," Giucci said. The blockade will affect the steel production and the electric power industry, he said. As the German economist stressed, "from a macroeconomic perspective, this is, undoubtedly, a shock for the country," otherwise the IMF would not delay the allocation of next tranche under the EFF program. At the same time, Giucci added, "it is not a disaster."