A quarter of Ukraine’s economy has gone comatose with people staying at home since its lockdown began on March 12—but the country is beginning to open up, which raises a multitude of challenges that must be addressed. First, Ukrainian émigrés have returned home, but can they find jobs? Agriculture is suffering from an untypically dry winter, but prices remain steady. Russian warfare and sanctions have forced Ukraine to turn to new markets, mainly to the European Union and China. Will Ukraine be able to successfully integrate into the European supply chain? Lastly, privatization and corporate governance reforms of state-owned enterprises are gaining momentum.
Ihor Petrashko, who is in charge of maintaining these efforts as Ukraine’s minister of economic development and trade, is part of a new wave of President Zelenskyy’s government appointments as he tries to reset the country’s agenda. Minister Petrashko joins to offer his insight into how Ukraine is battling the coronavirus through economic strategies, and what the future holds for Ukraine’s economy as it increasingly looks westward. Moderating this conversation is Dr. Anders Åslund, Senior Fellow, Eurasia Center, Atlantic Council.
Since the 2014 Maidan Revolution, Ukraine has undertaken significant economic reform and moved decisively toward a Europe-focused foreign policy. However, but largely failed to address state control and corruption in its economy. With the stability of global markets in doubt, Ukraine’s future economic reform at risk
Wed, Jul 1, 2020
Ukraine’s reform agenda suffered a serious blow on July 1 when Yakiv Smolii, the highly respected governor of the National Bank of Ukraine (NBU), resigned due to what he called “systematic political pressure.”
Wed, May 20, 2020
The coronavirus crisis is creating huge challenges for the global economy and Ukraine is no exception. Nevertheless, the most ambitious construction undertaking in independent Ukraine’s history remains very much on track.
Tue, Dec 24, 2019
88% of Ukraine’s American Chamber of Commerce member companies reported increased revenues in 2019. However, concerns remain that the Ukrainian authorities could yet spoil this positive picture during the coming year.
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.