Ukraine’s energy and economic problems are largely home-grown. Ukraine is not lacking in energy resources, yet it remains heavily dependent on oil and gas imports coming mainly from Russia. The country’s vulnerability is worsened by the current political crisis. Energy and economic reforms are urgently needed but their implementation and impact will take some time to materialise.

<i>Ukraine is not deprived of energy resources. However, its domestic oil and gas production, is unable to keep up with consumption. This is due to a discouraging investment climate and substantial, wasteful consumption fuelled by generous subsidies. Ukraine is one of the few countries where oil is not...

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Dr. Carole Nakhle
Domestic oil and gas production is unable to keep up with consumption, because of a discouraging investment climate and substantial, wasteful consumption fuelled by generous subsidies
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