Ukraine: A stress test of IMF credibility

Susan Schadler 09 October 2014

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The IMF will shortly go back to the drawing board with Ukraine. As it prepares to revise the economic programme on which the third tranche of its funding will be based, the IMF faces three interconnected problems:

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Topics:  Europe's nations and regions International finance

Tags:  Ukraine, IMF

A way out of the Ukrainian quagmire

Thorvaldur Gylfason, Inmaculada Martínez-Zarzoso, Per Magnus Wijkman 14 June 2014

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At the Vilnius Summit in November 2013, President Yanukovich chose not to sign the Deep and Comprehensive Free Trade Agreement (DCFTA) with the EU that Ukraine had spent five years negotiating.1 His decision was dictated both by Ukraine’s failure to fulfil the political conditions for signature set by the EU and by strong pressure by Russia on Ukraine to join the Eurasian Customs Union instead.2 His refusal to sign unleashed events in Ukraine that within six months led to the President’s flight to Russia, the installation of a new pr

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Topics:  EU policies Europe's nations and regions International trade

Tags:  Russia, EU, civil war, free trade agreements, Ukraine, diplomacy

What is at stake in Crimea?

Yuriy Gorodnichenko, Gérard Roland 10 March 2014

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By ordering the covert invasion of Crimea, Russian President Putin created an extremely tense situation not only in Ukraine but also in the rest of Europe. The official motivation for his actions, i.e. to defend Russians living in Ukraine, is a sham. There is no evidence of the new (or any previous) government in Ukraine persecuting Russians or Russian-speaking citizens of Ukraine.

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Topics:  Europe's nations and regions

Tags:  Putin, Ukraine, Crimea

Ukraine: What emergency measures and what long-term changes are needed?

Gérard Roland, Yuriy Gorodnichenko 27 February 2014

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Although it is only a few days after the successful February revolution and the country is still in a state of flux, a new government is needed to deal with emergency economic measures.

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Topics:  Europe's nations and regions

Tags:  Ukraine

Meeting Russia’s challenge to EU’s Eastern Partnership

Thorvaldur Gylfason, Per Magnus Wijkman 25 January 2014

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EU’s Eastern Partnership is in turmoil after its Summit in Vilnius on 29 November 2013. Only Georgia and Moldova of the four partner countries that had successfully negotiated Association agreements with the EU, including Deep and Comprehensive Free Trade Agreements (DCFTAs), initialed them at the Summit.1 In September, President Sargsyan, motivated by the threatened loss of Russia’s security guarantee vis-à-vis Azerbaijan, had informed the EU that Armenia would not initial its Association agreement but instead join Russia’s proposed Eurasian Customs Union.

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Topics:  Politics and economics

Tags:  Russia, EU, Ukraine, Eastern Partnership

The Ukraine-Russia deal

Charles Wyplosz 24 December 2013

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As the price to deter a westward move of Ukraine, Russia has made an offer that the Ukrainian president has found impossible to turn down, if he ever contemplated seriously tying his country to the EU. This is generally hailed as a master coup by President Putin and a great relief for President Yanukovych. In fact, this coup is likely to end in tears for both countries.

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Topics:  International finance

Tags:  IMF, Ukraine

What drives protests in the Ukraine? This time, it is institutions

Nauro F Campos 22 December 2013

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Once more, mass political protests erupted in 2013, this time in Ukraine. Protests are starting to spread and swell (freezing temperatures notwithstanding), but so far they have been mostly concentrated in the capital city. Anti-government protestors have barricaded themselves in Kiev’s Independence Square (‘Maidan’) and, from the confines of the said square, have attracted considerable international attention (culminating, arguably, with the recent visit of two US senators – Democrat Chris Murphy and Republican John McCain).

What is the reason for these mass political protests?

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Topics:  Europe's nations and regions Institutions and economics

Tags:  EU, Ukraine, protests, weak institutions

Ukraine’s trade policy: Addressing supply-chain frictions

Bernard Hoekman, Jesper Jensen, David Tarr 29 November 2013

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On November 21 2013, Ukraine suspended preparations for signing the Deep and Comprehensive Free Trade Agreement (DCFTA) with the European Union (EU) at the Third EU-Eastern Partnership Summit in Vilnius on November 28-29. In 2010, the Russian Federation, Belarus and Kazakhstan formed the Eurasian Customs Union (ECU) and have invited Ukraine to become a member. This has become a politically charged issue, generating great uncertainty that is likely to have negative consequences for investment and economic activity (see Handley and Limão 2013, Shepotylo 2013).

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Topics:  EU institutions International trade

Tags:  WTO, barriers to trade, FTAs, global supply chain, Ukraine

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