Ukraine debt, democracy and division

Financial Services

The interim government formed in Kiev this week will need political skill, external support and good fortune if it is to restore stability, hold the country together and satisfy the high hopes for economic and political change. Kiev’s choices will be fundamentally shaped by the choices of its neighbours, above all Russia and Vladimir Putin. The current situation is a blow to Putin’s standing and a threat to his vision of Russian strategic policy. Kiev, Brussels and Moscow are now likely to be locked in a struggle for Ukraine’s future in which bigger tensions between the sweeping ambitions of its neighbours will be as decisive as the decisions of Ukrainians themselves.

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