Victory, Russian assets, transparent rules. What is required for Ukraine's economic breakthrough

Experts named two main conditions for successful reconstruction of Ukraine in the post -war period and three main areas of use of blocked Russian assets. At the post -war reconstruction stage, the maximum simplification for small and medium -sized businesses and the mechanism of political risks insurance for large international investors are required. Such conclusions come to the authors of the study "Economic priorities for post -war Ukraine: reform plan", which was recently presented in Kiev.

As Dmitry Boyarchuk, the CASE Ukraine Executive Director, said during the presentation, the leading author of the study, before the war in Ukraine, all reforms were moving in the right direction, although quite slowly, and as of 2021, the main achievements in Ukraine were as follow : At the stage of recovery, according to Dmitry Boyarchuk, Ukraine will have the following basic tasks: however, the expert notes that the speed of European integration will be determined not so much by the harmonization of legislation with the EU as the pace of implementation of the rule of law in Ukraine.

The issue of financing, both for the state budget and the private sector, will also depend on this factor. After all, for investors from the civilized world, it is important to have clear, transparent rules of the game. But, unfortunately, the Rule of Law, which monitors the World Bank, shows that little in Ukraine has changed in this area, and the country has not even approached Poland, Slovakia, Latvia, Lithuania and Estonia.

Dmitry Boyarchuk emphasizes that in a society such as Ukrainian, the connection between laws and real life is raised, so the main question is how in such conditions in the period of restoration to achieve stable and quality growth.

According to the authors of the study, the following processes should come to the rescue: that is, the frozen resources of the aggressor that can be confiscated, the authors of the study are advised to use as follows: as noted in the study, frozen Russian assets, the main source of which is $ 316 billion of foreign currency reserves of the Russian Federation To use for the needs of Ukraine's restoration, regardless of whether Russia will agree with this requirement voluntarily whether it will have to ensure its implementation.

Let us clarify that the mentioned study "Economic priorities for post-war Ukraine: the reform plan" was worked as a team of 14 authors, and the reviewers were well-known economists: Anders Aslund, chairman And the Minister of Finance of Poland, Ivan Miklos, Deputy Prime Minister and Minister of Finance of Slovakia and Jan Hagemyer, Vice President of CASE (Poland).