In the course of its reforms, Ukraine has launched one of its most critical markets, the energy market. The state economy is highly energy intensive, based on fossil fuels, and imports-dependent. After having lost 10 percent of its industrial coal and gas-bearing territories, the government needs to make up for its energy shortage. Meanwhile, lying at the heart of Europe, Ukraine is a major European partner in gas transit and storage, and its stability is key to the region’s energy security.After independence, Ukraine became heavily dependent on Russian gas. But given the hybrid war in the country’s east, the weakened …read more
Source: Atlantic Council