Ukraine has the 7th largest identified hard coal deposits in the world (almost 4 per cent of the global hard coal reserves), the domestic coal mining industry is in a state of collapse, as a result of which the country is a huge importer of the "black gold".
Although Russia is still among the three global leaders in oil production, it only ranks the 8th in terms of the size of controlled oil reserves. But they are already heavily depleted and there are no new oil deposits that would be cheaper and easier to extract.
After the release of the TV series “Chernobyl”, the attention of viewers was drawn to the ecological disaster that happened many years ago in Ukraine. Still ecological concerns have been losing the battle with political and business interests in Ukraine.
The authorities in Kiev have had high hopes associated with China's economic presence in Ukraine for many years. However, the official declarations are rarely followed by real actions. For China, Ukraine is still primarily a large market for Chinese goods.