Ukraine’s Fate

For over a week, Ukraine has witnessed a seething standoff between the judges of the Constitutional Court, led by Chairman Oleksandr Tupytsky (L), and President Volodymyr Zelensky (R) and his party in parliament. Authorities have not yet found a solution to the crisis that the court started on Oct. 27, when it cancelled asset declarations for public officials, killing a key part of Ukraine’s anti-corruption infrastructure. The country’s Western partners indicated that Ukraine needs to restore declarations as fast as possible if it wants to receive any more aid and preserve its visa-free regime with the European Union. As Zelensky and the parliament explore several possible solutions, the Constitutional Court is preparing to pass more controversial rulings, including one aimed at undermining bank-sector reforms.