After tense, all-night negotiations on Wednesday, European leaders reached a shaky deal with Russia for a ceasefire in Ukraine. That didn’t stop the violence, and many doubt a ceasefire can hold. Here are the five reasons showing that even if Russia has it bad, Ukraine has it worse:
1. Abysmal economics
The Russian economy nearly entered recession in 2014, with GDP growing just 0.6%. But in Ukraine, Russian aggression led to economic fallout of another magnitude: GDP shrank nearly 10%. Ukraine’s economic performance since the break-up of the Soviet Union demonstrates the cost of living in Russia’s shadow. In 1991, Ukraine and …read more
Source: Time
