Ukraine hopes to receive USD2.7bn worth of support from the International Monetary Fund by the end of 2016. Kiev's efforts have stalled, however, because the declarations of the authorities are not matched by their actions.
The worst of the economic slump in Russia may be over the IMF has said, but it warned of possible euro-zone stagnation and shifting politics that could make Central and Eastern Europe's prospects increasingly uncertain.
After last year's failure, the Ukrainian government plans a huge sale of state-owned companies in 2016. But critics worry that rather than helping reform the inefficient and corrupt economy, privatisation will strengthen the grip of Ukraine’s oligarchics.