KYIV, Nov 14 - Ukraine's economy may contract up to 35% on the year in 2022 as ongoing invasion by the Russian forces has destroyed manufacturing and other industries, Finance Minister Serhiy Marchenko said Monday.

"Somewhere our estimates coincide with the estimates of international partners. Approximately, the loss of gross domestic product will be 33-35%," he said.

Marchenko said that in absolute terms this is more than UAH 1 trillion.