The Ukrainian economy was already stagnating long before the political
upheaval. Because of the conflict with Russia, Ukraine is now losing its
most important trading partner.
The political and economic crisis in Ukraine could deteriorate further as Moscow decides to scrap the country's gas price rebate. Some Ukrainian companies are already looking at alternatives for heat and power.
The increase in tensions between Russia and the Ukraine is also taking its toll on the markets. Russia has been hit hardest, with the Moscow stock exchange taking a dive. Possible sanctions from the EU could have severe implications on trade for the country, especially with regard to gas exports.
The crisis centering on the Crimean peninsula could push Ukraine over the brink into bankruptcy. However, analysts believe international markets and European gas imports will not see significant shake-ups for now.
With enormous cost overruns and interminable delays, Berlin’s new international airport has become a nightmare for everyone involved. When he took over as boss a year ago, Hartmut Mehdorn was supposed to put BER back on track. But now further delays look likely.
Ukraine is now in a political crisis; but its economic situation has been in crisis for some time. Its currency, the hryvnia, has dropped more than ten percent against the euro since the start of this year. Ukraine's currency reserves are dwindling and its public debt is soaring. Is the country facing imminent bankruptcy?
We ask our studio guest on this edition, Ansgar Belke of the University of Duisburg-Essen.
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