Following Russia’s annexation of Crimea, Kiev became embroiled in conflict with its biggest trading partner and was cut off from many of its most productive industrial assets. The country was soon teetering on the edge of economic disaster, with inflation ballooning to 60% and with the economy shrinking by nearly 10% in 2015, even worse than the Greek crisis. It’s only now that Ukraine has started to turn the corner towards recovery.
With growth rates expected to hover around 3% or less for the next few years, however, Ukraine doesn’t...
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