The war in the Donbas is imposing large costs on Ukraine. According to Ukraine’s leading investment bank Dragon Capital, in October 2014 the occupied territories in the Donbas accounted for 2.6 percent of Ukraine’s territory, 7.3 percent of the population, 10 percent of GDP, and 15 percent of industrial production. This output has declined by roughly two-thirds, explaining two-thirds of Ukraine’s decline in GDP in 2014. What will happen to the Donbas economy if the Minsk II ceasefire agreement collapses? …read more
Source: Atlantic Council
