1. Abysmal economics The Russian economy nearly entered recession in 2014, with GDP growing just 0.6%. But in Ukraine, Russian aggression led to economic fallout of another magnitude: GDP shrank nearly 10%. Ukraine’s economic performance since the break-up of the Soviet Union demonstrates the cost of living in Russia’s shadow. In 1991, Ukraine and Poland’s economies were roughly the same size; Poland joined Europe, while Ukraine didn’t. By last year, Ukraine’s GDP was one third of Poland’s (and that gap is growing).
2. Shrinking territory Ukraine’s loss is Russia’s gain. In March, Russia annexed all 10,400 square miles of Crimea, a land area larger than Massachusetts. Ukrainian officials assert that Russia and the separatists it backs control 7% of Ukraine’s terrain, encompassing one-fifth of Ukraine’s populati...
Also read: 2017 Outlook: Ryan Fitzpatrick