Russia Insider – by Alexander Mercouris
The economic crisis in Ukraine is increasingly exposing the twisted priorities of its government.
It should be said clearly that the existential crisis the Ukrainian economy now faces is a direct consequence of the country’s political crisis.
Ukraine’s economy was in poor shape in 2013. Decades of corruption and mismanagement had whittled away the economy’s potentially large resources, while Yanukovych’s policy of maintaining the value of the hryvnia had damaged the economy’s competitiveness and denuded its foreign currency reserves. The situation was made worse by constant crippling trade disputes with Russia, Ukraine’s biggest trade partner, which was aggravated in 2013 by Yanukovych’s decision to seek an Association Agreement with the EU. Continue reading “Yatsenyuk’s Ukrainian Fire Sale”