On March 4, President Volodymyr Zelenskyy removed the prime minister and a majority of the reform-minded ministers in the government. Their replacements, however, do not have a strong record of reform and civil society and Ukraine’s Western friends worry about the message the reshuffle sends and the direction in which the president wants to take the country. Additionally, following the reshuffle, the yield on short Ukrainian Eurobonds skyrocketed from 3.5 percent a year to 7.75 percent. The Ukrainian hryvnia is now falling, compelling the National Bank of Ukraine to intervene. The international financial market is swiftly closing to Ukraine, as was the case for several years from 2012. The markets were clearly not consoled by the composition of the new Ukrainian government, which remains incomplete and has yet to declare what policies it plans to pursue.

The Atlantic Council’s Eurasia Center team, Ambassador John Herbst, director, Dr. Anders Åslund, senior fellow, Melinda Haring, deputy director, and Adrian Karatnycky, senior fellow, join the panel, with Ambassador Herbst moderating.

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The Eurasia Center’s mission is to enhance transatlantic cooperation in promoting stability, democratic values and prosperity in Eurasia, from Eastern Europe and Turkey in the West to the Caucasus, Russia and Central Asia in the East.