Between Russia and Europe: Ukraine's trade barriers Business Essay (Essay Sample)

UKRAINE TRADE BARRIERS BETWEEN RUSSIA AND EUROPE
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Ukraine trade barriers
Introduction
Ukraine occupies a second largest land mass in Europe. It is entailed with a wide, fertile agricultural land mass, as well as more industries in its eastern wing. In 1991, after the fall of Soviet Union, Ukraine attained its independence (BBC news, 2019). Since then it has staggered between building closer relationships with Russia and seeking an engagement with Western Europe. Although Ukraine and Russia have common origins in history, the country’s western side relate more with Europe, specifically Poland. In its cities and the industrialized eastern side a significant number of people uses the Russian language as its first language. These three countries relationships has its darker and lighter side, these essay will discuss the trade barriers between Ukraine, Europe and Russia.
Fig.1 Ukraine’s Country Profile
Analysis of Ukraine
Ukraine’s Economic Position
With a population of 42.3 million, Ukraine’s economic freedom stands at a score of 52.3, ranking it as the 147th freest economy (2019 index). The country has recorded improvements in freedom of business, fiscal health and property rights which has shadowed the decline in trade and labor freedom. In the 2019 index, Ukraine is ranked the last in Europe’s 44 countries, with an overall score being under the world and regional averages.