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.
The COVID-19 pandemic has already inflicted severe damage on the Ukrainian economy despite relatively mild public health implications so far. The number of new COVID-19 cases seems to have stabilized over the last few weeks.
Over the last years, Ukraine has intensified its trade links with the European Union driven by both the positive stimulus provided by the Association Agreement and a negative stimulus, namely the need to replace lost trade links with Russia.