Edge of the Precipice

UKRAINE - Report 28 Oct 2014 by Vladimir Dubrovskiy and Dmytro Boyarchuk
Executive SummaryAs the armed conflict has calmed down, parliamentary elections have brought in a pro-reformist coalition, and important reforms (such as a series of anti-corruption measures) have been launched. Some positive developments are in the making. At the same time, we continue to see many issues that endanger not only Ukraine’s development, but its very survival: a failing economy, serious foreign currency issues, and the reluctance of the authorities to make substantial budget cuts. This is to say nothing of the ever-looming threat of the war with Russia reviving. To put it diffe...

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