Ukraine’s industrial sector has had a difficult spell. The production of heavy coal, steel, and machinery, inherited from the Soviet past, have traditionally been linked to technologically obsolete post-Soviet markets and until recently were declining. The war in eastern Ukraine and Russia’s closure of its markets as a punishment for Ukraine’s pro-Western course only accelerated this process, and many post-Soviet Ukrainian enterprises, especially in eastern Ukraine, had long been deteriorating.
2015 Economic Crisis
OP-ED
Vitalii Rybak: Dozens of new enterprises signal Ukraine’s economic recovery
General view of the Iron and Steel Factory in the Ukrainian industry city of Mariupol on Oct. 29, 2008.
