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You're reading: For ‘isolated’ Yanukovych administration, holding the hryvnia to elections will still be tough

We visited Kyiv on May 14-16 meeting with officials from the Finance Ministry, the International Monetary Fund, World Bank, alongside meeting with deputies from Ukraine’s parliament, and diplomats, local journalists, banks, and corporates. Officials from the National Bank of Ukraine did not make themselves available to meet investors.

Summary

Political risk has again taken centre stage with the conviction and jailing of leading opposition figures in recent months provoking heavy criticism from the European Union and United States and raising the potential for a freezing of the country’s EU integration bid. This comes as relations with Russia remain difficult, as Moscow refuses to provide cut-price energy without securing control of strategic assets in the energy sector; near impossible for any Ukrainian politician to deliver just before elections.

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