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Ukraine economy is not strong and not recovering. One of indirect measures of economy health is energy production and consumption. Both metrics are declining in
by anticodon 6y ago
Ukraine economy is not strong and not recovering. One of indirect measures of economy health is energy production and consumption. Both metrics are declining in Ukraine for many years, especially after 2014 coup.
All the industry was destroyed, especially after the coup of 2014. Agriculture remains, but EU sets a tiny quote for Ukrainian exports. So maybe Ukraine could produce and sell more agricultural products, but they can't sell them because EU quotes are exhausted usually within the first month of the year.
Also, agriculture isn't so simple. It requires huge amounts of hydrocarbons for fueling agricultural equipment (tractors, harvesters, etc consume huge amounts of diesel for example). You also need fertilizers and other chemicals. Ukraine has to import all that.
Also, Ukraine is hostile to Russia so we don't want to import anything from them and law explicitly forbids many ukrainian imports. But EU also has its own industry and its own agriculture and they do not need one more competitor on its market. For example, after 2014 sanctions, when Russia stopped importing many articles of food from EU, many agricultural companies of EU started to experience difficulties. E.g. meat producers in Czech Republic. EU needs to give work to its own citizens, why would they open the market for cheap competing products from Ukraine? So that more EU producers go bankrupt? Not going to happen.