Ukraine’s five wealthiest people have lost a collective $9.75 billion in the last year. To put this number in perspective, the IMF’s bailout package is worth $17.5 billion.
Ukraine’s five wealthiest people have lost a collective $9.75 billion in the last year. To put this number in perspective, the IMF’s bailout package is worth $17.5 billion.
With less than a week left until the Ukrainian parliamentary elections, there is growing uncertainty about whether the new parliament will provide a boost to President Petro Poroshenko's flagging reform agenda and attempts to manage the extremely fragile situation in the east.
In August, Ukrainian President Petro Poroshenko called for early parliamentary elections to kick-start his reform agenda and to cleanse Ukraine of lawmakers who owed their loyalty to the ways and personalities of the pre-Maidan era.
Facing economic collapse, a winter without Russian natural gas, and a frozen conflict in the Donbas, a divisive election may be the last thing Ukraine needs. But on October 26, Ukrainians will head to the polls to elect a new parliament.