Economy of Ukraine in the context of "Dnieper"

⭐ In the context of the Dnieper, the economy of Ukraine is significantly supported by which factor?

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⭐ Core Definition: Economy of Ukraine

The economy of Ukraine is 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 good education system. Ukraine has large mineral deposits across its landmass.

The depression during the 1990s included hyperinflation and a fall in economic output to less than half of the GDP of the preceding Ukrainian SSR. GDP growth was recorded for the first time in 2000, and continued for eight years. This growth was halted by the 2008 financial crisis. It grew rapidly from 2000 until the 2008–2009 Ukrainian financial crisis. The economy recovered in 2010 and continued improving until 2013. The Euromaidan in Ukraine caused a severe economic decline from 2014 to 2015, with the country's gross domestic product in 2015 surpassing half of what it was in 2013. In 2016, the economy again started to grow. By 2018, the Ukrainian economy was growing rapidly, and reached almost 80% of its size in 2008.

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👉 Economy of Ukraine in the context of Dnieper

The Dnieper or Dnepr (/(də)ˈniːpər/ (də-)NEE-pər), also called the Dnipro. is one of the major transboundary rivers of Europe, rising in the Valdai Hills near Smolensk, Russia, before flowing through Belarus and Ukraine to the Black Sea. Approximately 2,200 km (1,400 mi) long, with a drainage basin of 504,000 square kilometres (195,000 sq mi), it is the longest river of Ukraine and Belarus and the fourth-longest river in Europe, after the Volga, Danube, and Ural rivers.

In antiquity, the river was part of the Amber Road trade routes. During the Ruin in the later 17th century, the area was contested between the Polish–Lithuanian Commonwealth and the Russian Empire, dividing what is now Ukraine into areas described by its right and left banks. During the Soviet period, the river became noted for its major hydroelectric dams and large reservoirs. The 1986 Chernobyl disaster occurred on the Pripyat River, a tributary of the Dnieper, just upstream from its confluence with the Dnieper. The Dnieper is an important navigable waterway for the economy of Ukraine and is connected by the Dnieper–Bug Canal to other waterways in Europe. During the 2022 Russian invasion of Ukraine, certain segments of the river were made part of the defensive lines between territory controlled by the Russians and the Ukrainians.

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Economy of Ukraine in the context of Dnieper River

The Dnieper or Dnepr (/(də)ˈniːpər/ (də-)NEE-pər), also called the Dnipro, is one of the major transboundary rivers of Europe, rising in the Valdai Hills near Smolensk, Russia, before flowing through Belarus and Ukraine to the Black Sea. Approximately 2,200 km (1,400 mi) long, with a drainage basin of 504,000 square kilometres (195,000 sq mi), it is the longest river of Ukraine and Belarus and the fourth-longest river in Europe, after the Volga, Danube, and Ural rivers.

In antiquity, the river was part of the Amber Road trade routes. During the Ruin in the later 17th century, the area was contested between the Polish–Lithuanian Commonwealth and the Russian Empire, dividing what is now Ukraine into areas described by its right and left banks. During the Soviet period, the river became noted for its major hydroelectric dams and large reservoirs. The 1986 Chernobyl disaster occurred on the Pripyat River, a tributary of the Dnieper, just upstream from its confluence with the Dnieper. The Dnieper is an important navigable waterway for the economy of Ukraine and is connected by the Dnieper–Bug Canal to other waterways in Europe. During the 2022 Russian invasion of Ukraine, certain segments of the river were made part of the defensive lines between territory controlled by the Russians and the Ukrainians.

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Economy of Ukraine in the context of Ukrainian oligarchs

Ukrainian oligarchs (Ukrainian: українські олігархи, romanized: ukrayinski oliharkhy) are business oligarchs who emerged on the economic and political scene of Ukraine after the 1991 Ukrainian independence referendum. This period saw Ukraine transitioning to a market economy, with the rapid privatization of state-owned assets. Those developments mirrored those of the neighboring post-Soviet states after the dissolution of the Soviet Union. Pro-Western sources have criticised Ukraine’s lack of political reform or action against corruption, and the influence of Ukrainian oligarchs on domestic and regional politics, particularly their links to Russia.

In 2008, the combined wealth of Ukraine's 50 richest oligarchs was equal to 85% of Ukraine's GDP. In November 2013, this number was 45% (of GDP). Ukrainian GDP fell by 7% in 2014, and shrank 12% in 2015. By 2015, due to the Russo-Ukrainian War, the total net worth of the five richest and most influential Ukrainians at that time (Rinat Akhmetov, Viktor Pinchuk, Ihor Kolomoyskyi, Henadiy Boholyubov and Yuriy Kosiuk) had dropped from $21.6 billion in 2014 to $11.85 billion in June 2015. According to a research by The New Voice of Ukraine in November 2023 there were only two billionaires left in Ukraine, these being Rinat Akhmetov ($6.59 billion) and Viktor Pinchuk ($1.72 billion). In November 2022 they had counted nine billionaires. The February 2022 Russian invasion of Ukraine and its negative impact on the economy of Ukraine led to the decline in billionaires.

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LINKED FROM (PARENTS)
← Dnieper ← Dnieper River ← Middle Dnieper ← Ukrainian oligarchs ← Dnipro river ← Dnipro River
LINKS TO (CHILDREN)
Ukraine → Developing country → Social market economy → Mineral → Hyperinflation → Ukrainian Soviet Socialist Republic → 2008 financial crisis → 2008–2009 Ukrainian financial crisis →