My article in Warscapes, “Ukraine’s Economy: Between a Rock and a Hard Place“:
Note: Due to rapidly developing events on the ground in Ukraine, some of the information in this article may be outdated at time of publication.
Kyiv is on fire. Violence between Ukraine’s internal security and protestors has left one hundred people dead and over one thousand injured. How far Ukraine will tumble down the rabbit hole is anyone’s guess. Already there is a chorus warning of civil war, its break up, and regional separatism. Viktor Yanukovych, in the meantime, had been holding firm, but signs suggest he’s ready to reach a compromise that would end the immediate crisis. In an address to the nation, the Ukrainian president blamed “radical elements who seek bloodshed and conflict” for the violence and charged the opposition with staging a coup. “Without any mandate from the people, illegally and in breach of the constitution of Ukraine, these politicians – if I may use that term – have resorted to pogroms, arson and murder to try to seize power,” he declared. Amid all of this smoke, fire, and vitriol is Ukraine’s reeling economy. The country is on the verge of collapse and, even if Yanukovych were to step down, nobody in Ukraine seems to have any answers for what comes next.