Economic turmoil in the aftermath of Russia’s annexation of Crimea triggered a 7.5% landslide in Ukraine’s GDP and a fall in industrial output over the last 1visual_editor months, borne out by ongoing hostilities in the east of the country. Ukraine now faces an intensifying energy crisis exacerbated by a weakening currency, emphasising the need to diversify and develop its domestic resources and decrease dependence on imports – primarily from Russia. But this ambition may yet be thwarted by division within the country; shortsightedness, corruption and a politically driven need for quick-fix solutions continue to plague Ukraine’s energy sector. Gas Strategies examines Ukraine’s domestic options and asks whether the country can pluck its low-hanging fruit.
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