CSE and CIS
The blackout caused by the destruction of the power lines connecting the occupied Crimea with mainland Ukraine has shown that Russia has done nothing to invest in the elementary infrastructure of the annexed peninsula.
The Ukrainian authorities are trying to create an image of a country of reforms and strong anti-corruption attitude. The well-known economist Arthur Laffer is going to help the government, because without reforms Ukraine cannot count on further financial assistance.
As public money flows into venture capital funds in Poland, the supply of available financing is larger than the pool of projects fit for investment. One solution to this problem would be to engage start-ups from east of the Polish border.
Ukraine could be firmly back on its legs within a few years with a reasonable support of the West, despite all its current problems. But this requires a change of the mindset of the ruling class – a challenge far greater than obtaining the funds.