How (Not) to Save Ukraine

... deplorable state. Its lack of competitiveness has been exacerbated by subsidized prices throughout the modern history of Ukraine: as the author indicates, in 2014 energy subsidies amounted to 10 percent of GDP. Imports of energy carriers, primarily oil and gas, made about the same share of the Ukrainian GDP. In 1990-2010, the development of primary energy resources fell by 47 percent, and for the time being the recovery of these losses looks less than probable. The gas segment appears to be the most problem-plagued ...