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.
Ukraine recently sold 270 million USD worth of short-term bonds, adding much-needed liquidity to the nation’s coffers. The big deal here is that these short-term bonds were placed at a price of just 5.52% annualised return for the three-month bonds, and 5.89% for the six-month version. If we go back just a few years, international […]
In the days between writing this news and it being published, there exists a very real possibility that Oleg Sentsov will die. At the time of writing, Sensov has been on a hunger strike in a Russian jail for 90 days. In public statements, relatives of Sentsov have said his time is nearly at an […]
An impressive feat was accomplished in the skies above Kharkiv, eastern Ukraine, recently. A group of women from 19 different countries descended on the country (see what we did there?) to pull off a world record attempt, and they succeeded! In order to beat the previous world record for a female synchronised dive, which included […]
In recent years many Ukrainians have sought work overseas. There are many reasons why they have done so, but the biggest motivator is simply financial. Wages for fruit pickers or building site labourers are higher in Poland than they are in Ukraine and working conditions (which are protected by the EU) are no doubt also […]