Investors’ perception of Ukraine will also depend on Ukrainian court rulings on the responsibility and liabilities to the state of the former owners of insolvent banks. The risk arising from the global spread of the novel coronavirus could, if realized, drive the global economy into a recession and cause a significant slowdown in the Ukrainian economy.
A dramatic decline in global demand and investors’ revaluation of risks related to developing economies could negatively affect Ukraine’s external trade and make it more difficult for Ukraine to obtain financing. There are other significant risks.