Registration was successful!
Please follow the link from the email sent to

Solution to Ukraine's Troubles? Stay Away From NATO, Win Russia, EU Support

© AFP 2021 / Dominique FagetA man stands next to his car in the eastern Ukrainian city of Donetsk
A man stands next to his car in the eastern Ukrainian city of Donetsk - Sputnik International
Subscribe
It would be hard for Ukraine to maintain independence due to the severe economic crisis in the country, according to Italian professor of economic policy Gianpaolo Caselli.

Ukraine's struggling economy was shrinking even before the coup in February 2014. It contracted by 15 percent in the last three months of 2014 and is said to have shrank by the same amount in the first quarter of 2015. The hryvnia, Ukraine's currency, lost approximately half of its value in the last six months, while inflation reached 30 percent.

"The [economic] situation is so grave that we should ask whether Ukraine will be able to exist as an independent unitary state," Caselli said in an opinion piece in Il Fatto Quotidiano, an Italian daily newspaper.

The Roshen Confectionary Corporation is the biggest candy manufacturer in Ukraine, with a total annual production volume of about 450,000 tons. - Sputnik International
While Ukraine's Economy Crashes, It's Sweet Business for Poroshenko
Ukraine lacks a ruling class capable of taking the country out of its current state, according to the professor. "Presidents and governments since 1991 failed to build the country's economy or a functioning state," he said.

The only solution to the crisis for Ukraine would be to gain the support and protection of Russia and Europe, according to Caselli.

"But it can only be done if Ukraine does not join the Western bloc or NATO," the professor emphasized.

"If that does not happen, it would be very hard for Ukraine to maintain its territorial integrity," the professor said, adding that the consequences for Europe would be unpredictable.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала