Russia has burned much of Ukraine’s grain supply, causing a global food crisis. Its business and political networks have been transformed by Russia’s second invasion, which began in February 2022. Melinda Haring, deputy director of the Atlantic Council’s Eurasia Center, will moderate the discussion.Long known as the “Breadbasket of Europe,” Ukraine is located in Eastern Europe north of the Black Sea. Wagner, head of the Support Group for Ukraine at the European Commission and Andrey Stavnitser, co-owner of TiS, discuss what the future holds for Ukraine’s economy. ![]() Anders Åslund, senior fellow at the Atlantic Council’s Eurasia Center Andy Hunder, president of the American Chamber of Commerce in Ukraine Dr. Once again, Ukraine needs an International Monetary Fund program, but will it be able to conclude such a program fast enough?ĭr. The international financial market is already closed to Ukraine. The markets were not consoled by the composition of the new government, which has yet to declare what policies it plans to pursue. The Ukrainian hryvnia is now falling, compelling the National Bank of Ukraine to intervene. On March 4, President Volodymyr Zelenskyy removed the prime minister and a majority of the reform-minded ministers in the government. After the reshuffle, the yield on short Ukrainian Eurobonds skyrocketed from 3.5 percent a year to 7.75 percent.
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