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Disinfo: Ukraine is turned into an agrarian and raw materials appendix of Europe

Summary

The main problem of Ukraine is that it is being intensively turned into an agrarian and raw materials appendix of Europe. Therefore, there’s no reason to invest in the Ukrainian agricultural industry. It is uninteresting to invest in agricultural or raw materials production, there is no added value, there is no profit, there are no earnings.

Disproof

Recurring pro-Kremlin disinformation narrative portraying Ukraine as a failed state. Consistent with pro-Kremlin narratives alleging that Ukraine is a degrading state that has failed to become part of Europe.

According to the State Statistics Service of Ukraine, top areas of economic activity in Ukraine for foreign investment are as follows: industry – 32.9%, wholesale and retail trade – 16.2%, financial and insurance activities – 12.9%, real estate transactions – 12.9%, professional, scientific, and technical activities – 6.5%.

As the Financial Times writes about investing in Ukraine, "in spite of the conflict in the south-eastern Donbas region, economic growth is slowly picking up, and investment — though still below the level the country needs — is starting to flow."

According to the US Department of State, "Ukraine has significant investment potential given its large consumer market, highly educated and cost-competitive workforce, and abundant natural resources. The Ukrainian government actively seeks foreign investment and established investment promotion agencies that have facilitated foreign investments. Ukraine’s Association Agreement with the EU gives Ukraine preferential market access and is accelerating Ukraine’s economic integration with the EU. Ukraine’s economy demonstrated a real GDP growth of 3.3% in 2018, and the IMF forecasts growth of 2.7% in 2019."

For 2019, for the first time investments in Ukrainian startups and IT companies have reached half a billion dollars a year mark. The total volume of venture investments into Ukrainian IT companies has reached $510M, which is one and a half times more than the maximum of 2018.

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publication/media

politnavigator.net (Archived)
  • Reported in: Issue 198
  • DATE OF PUBLICATION: 06/05/2020
  • Language/target audience: Russian
  • Country: Ukraine
  • Keywords: economy, Abandoned Ukraine, Economic difficulties, Europe

Disclaimer

Cases in the EUvsDisinfo database focus on messages in the international information space that are identified as providing a partial, distorted, or false depiction of reality and spread key pro-Kremlin messages. This does not necessarily imply, however, that a given outlet is linked to the Kremlin or editorially pro-Kremlin, or that it has intentionally sought to disinform. EUvsDisinfo publications do not represent an official EU position, as the information and opinions expressed are based on media reporting and analysis of the East Stratcom Task Force.

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