A month ago, Ukraine and the EU signed a road agreement that simplified road freight requirements between the parties. The arrangement proved to be mutually beneficial – trade volumes increased, and the cost of transportation from Ukraine decreased.
The E40 waterway project is a great idea from the geopolitical point of view. It connects three countries situated between Central Europe and Russia, and creates grounds for deeper regional cooperation. However, the economic and environmental sides of the project are not that great.
In September 2017, the Ukrainian Parliament adopted changes to the Law on Education that established Ukrainian language as the single language of school education. The Law aims to fight discrimination of national minorities in Ukraine creating the possibilities to study Ukrainian language at national minority schools.
The end of February 2018 was marked by the victory celebration at the Ukrainian gas market as Ukrainian Naftogaz won the case on gas transit against the Russian Gazprom at the Stockholm Arbitrage Court. The Gazprom has to pay the Naftogaz USD 4.6 bn for violating the “take or pay” clause.
The forthcoming heating season of October 2015–April 2016 may be the most challenging season for the Ukrainian energy sector since Ukraine’s independence. Each subsector of energy sector has its own challenges in addition to the general problems such as the military conflict in the East, currency depreciation, debt accumulation, and high inflation.