Ukraine: Economy in turmoil

Is The Economy Dying or Diverging?

I'm sure we have all watched or read the news within the last month and are well aware of the situation in Ukraine at this moment in time. It is apparent that there is a geographical divide in the country concerning political views rooted to the country's independence from the Soviet Union. The East, of which the accused former president Viktor Yanukovych is from, are adamant that the country should form with Russia in its entirety as a sole solution to peace, happiness and a thriving economy. They are in every sense of the word pro-Soviet.

However, the West, where the capital Kiev is, is full with a more liberated people. They believe in an independent Ukraine. They also believe that the reason for the failing economy is due to those in the East who are unwilling to cooperate with a Ukrainian government.

All this tension, seems to have boiled over and erupted into what could be said to be a civil war. The problem is, while all this fighting continues, Ukraine still has bills to pay. Due to recent events, those who work in Independent Square and the areas within close proximity have not been able to go to work.

Over the next 18 months, Ukraine is expected to pay out over $73 bn in debts. This is definitely alarming but the economic potential is there.The Infrastructure is there but it craves investment and there is still much corruption within the state which doesn't encourage people to work.

For instance, despite this big amount of money that Ukraine owe, the public were heavily taxed to fund a multi-million pound presidential complex for Yanukovych with a personal zoo and sea-side view just a few to name which make up the hectors of private estate.

With a new coalition government in the process of formation, hopefully, this saga of drama in Kiev will be brought to an end.