Ukraine’s financial results over the past few months prove that the economic crisis which has been ongoing since mid 2012 has exacerbated.
The IMF’s decision to grant Ukraine a loan represents the most tangible form of support which the West has extended to the present government in Kyiv.
The development of the Ukrainian crisis, including the possible destabilisation of other regions, will depend on whether Kyiv accepts Moscow’s demands.
The prolonged political crisis in Ukraine has contributed to the deepening of its economic recession, which has already lasted almost two years.
Russian economic sanctions pose an enormous challenge to Ukraine, whose economy has been in recession over the past two years.
The sentiments in Lithuania, as in Latvia and Estonia, are reminiscent of those seen during the Russian aggression on Georgia.
Irrespective of the pro-Ukrainian declarations made by minister Davutoğlu, one should not expect Ankara to impose sanctions.
The Ukrainian statistical office has announced that Ukraine’s gross domestic product fell by 1.5% between September and July.
Statistics published over the last few days have confirmed the persistence of the economic recession in Ukraine which began in mid-2012. It is mainly related to the slump in overseas markets, which are the key customers of Ukrainian exports.
On 27 November, President Viktor Yanukovych signed a bill on national referendums, which allows laws to be made without any involvement by parliament. There is no provision for the parliament to take part in either the preparation of the referendum or the implementation of its results.