One hundred billion dollars is a striking amount. It’s the size of economic effect on Ukraine caused by Russia as concluded by feted economist Anders Aslund. Presenting his findings at a press conference here in Kyiv at the Ukraine Crisis Media Centre on 7 June, Aslund was flanked by colleagues and other distinguished members of the Atlantic Council, including former US Ambassador to Ukraine John Herbst and legal specialist Alan Riley.
The calculation Aslund used relied on basic economic data linked to the GDP of areas of Ukraine currently occupied by Russia, the Crimean peninsula, and parts of the Donbas not presently under government control. In addition to calculating the overall effect of GDP losses, calculations were also made of the value of property which has been seized or forfeited as a result of Russia’s decision to use unprovoked military force against its neighbor.
At present, there is only room for discussion about a return to peace. There will however come a time, most likely after Putin, when discussions about reparations will take place. At least we now have a starting point for that future conversation.
In recent weeks, two more names have been added to the list of those vying for Ukraine’s top job. The number of candidates stands now at 24, with a couple more people still expected to put themselves forward yet. The problem with such a large playing field is that votes are going to be very […]
Ukrainians are rejoicing and singing halleluiah because of the recognition of Ukraine’s own brand of orthodoxy as a separate and independent church. The decision, made by the Constantinople Patriarchate, has angered Moscow who wanted religious ties between the two countries and churches to stay just as they were for reasons too long to go into […]
One of the best things to have happened, for Ukraine, since Donald Trump became President of the United States was the appointment of Ambassador Kurt Volker as special envoy to this region with the specific task of trying to bring peace to the Donbas. Volker has been very active and taken a principled approach to […]
The European Bank for Reconstruction and Development has just revealed their investment plans for Ukraine for the next five years. The bank is already the largest financial investor in the country, with some 14 billion USD at work across as many as 400 projects. Over the next five years, the bank has pledged to invest […]