Citi Research CEE Research 23 July 2026 Ukraine Macroeconomic situation and outlook Piotr Kalisz, CFA AC Head of CEE Economics piotr.kalisz@citi.com +48 22 692-9633 Arkadiusz Trzciołek, CFA Poland Economics arkadiusz.trzciolek@citi.com +48 22 657-7750 See Appendix A-1 for Analyst Certification, Important Disclosures and Research Analyst Affiliations Foreign trade Significant widening of the trade gap is pushing the current account deficit higher -7 000 -6 000 -5 000 -4 000 -3 000 -2 000 -1 000 0 1 000 Jan-1 ...