The problem in gauging Ukraine’s progress in economic reform is that its performance is all too frequently judged against unrealistic expectations – and by commentators who have an interest in promoting, or a bias towards, a particular narrative.

23 January 2018


Timothy Ash, Senior Sovereign Strategist, Bluebay Asset Management


At home, the euphoria generated by the success of the Euromaidan protests, and the fact that hundreds of thousands of people demonstrated – and many died – in support of political reform and closer economic relations with the EU, perhaps led many to hope for a rapid transformation in the economy following the ousting of President Viktor Yanukovych in February 2014.

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