Russian Investments in Ukraine: Peculiarities of 2018

December 18, 2018

According to UkrStat (the State Statistics Service of Ukraine), the Russian Federation became the largest investor in Ukraine’s economy in 2018.

Previously investments from Russia hid behind formats and activity areas that did not reveal the origin of these investments. Today, cooperation via certain legal entities and individuals is complicated by sanctions. The offshore business lost its dynamics. As a result, the situation becomes more consistent with reality. In addition, the risk of military escalation remains high with no sign of conflict resolution in view. Second, there is some disappointment with the lack of progress in improving the country’s investment climate. As a result, only investors that are accustomed to such environment may work here, and this is true for Russians. Also, the UkrStat indicators can point at reduced activity of foreign investors other than Russians.


Volodymyr Sidenko

Senior Research Fellow


  • Taras Shevchenko National University, Kyiv, Faculty of International Relations and International Law, Department of International Economic Relations (1977)
  • Doctor of Science in Economics (2000), member of the National Academy of Sciences of Ukraine (2006), author of over 200 scientific articles, including the articles published abroad (the United Kingdom, the USA, Germany, Russia, Hungary, etc.)

Work Experience:

  • Research Associate, the Head of the Institute for Social and Economic Problems of Foreign Countries, the Academy of Sciences of Ukraine (1980–1992), Institute of World Economy and International Relations of NAS of Ukraine (1992–2000), Institute of Economic Forecasting of NAS of Ukraine (1992–2005), Institute of Economics and Forecasting of NAS of Ukraine (2005–2012)
  • Advisor on Foreign Policy to the President of Ukraine (1994–1995)
  • Director of Economic Programmes of the Razumkov Centre (2001–2004)

Spheres of activity: research on strategy and mechanism of foreign trade, structural transformations of economy, external aspects of economic growth, global economic regulation, international economic integration, international competitiveness, foreign investment, economic relations between Ukraine and the EU and regional groupings in the CIS.

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