The annexation of the Crimean peninsula by Russia in 2014 and the war in Donbass in 2014 seriously damaged the Ukrainian economy. Since then, the foreign trade between Russia and Ukraine has virtually disappeared;
Ukrainian GDP (nominal): 90,524 million dollars;
Agriculture: 10%;
Industry: 32%;
Services: 58%.
GDP per capita of Ukraine: 2,000 dollars;
Ukrainian Currency: Grivna;
Ukraine is famous for its aircraft (Antonov), transport vehicles (KPA trucks), space and missile aircraft;
In Ukraine, there are twelve car manufacturers: ZAZ, LuAZ, Bogdan, KrAZ, Eurocar, Electron, LAZ. ZAZ (Factory of Cars of Zaporizhia) is the main car-maker of Ukraine;
Ukraine also produces coal, electrical energy, machines, chemical products, food products (sugar);
About 80% of the Russian gas enters into the European
markets through the Russia-controlled gas pipelines;
Ukraine is considered a country with high corruption;
Ukraine is developing an important tourism sector;
The Russian businessman
Alexander Lebedev controls the Ukrainian
Bank Energo.
Main Ukrainian Exports: ferrous and non-ferrous metals, fuels and petroleum products, chemical products, machinery and
transportation equipment, food products;
Main Ukrainian exports are destined to the European Union (40%) and Commonwealth of Independent States (CIS);
Main Ukrainian Imports: natural gas, machinery and equipment, chemical products;
Russia is its main gas and oil supplier.
(c) EENI Global Business School (1995-2023)
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