Economy of Ukraine
Ukraine has a developing social market economy. It possesses many of the components of a major European economy, such as rich farmlands, a well-developed industrial base, highly-trained labour, and a well-funded education system. It has large mineral deposits across its landmass. Ukraine remains one of the poorest countries in Europe, which some have attributed to high corruption levels and the slow pace of economic liberalisation and institutional reform. The nation was in an economic depression during the 1990s with hyperinflation and an output half of its predecessor state, the Ukrainian SSR. Economic growth returned in 2000, lasting until the 2008–2009 Ukrainian financial crisis. The country fell into another recession in 2013, with stricter border and customs control by Russia straining their exports. Its relationship with Russia has significantly influenced its economic development. The 2014 Russian annexation of Crimea and war in Donbas severely damaged two of Ukraine's most industrial...
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