What is the economic reality in Ukraine and Russia?

In fact, the economic situation in both countries is dramatic. Ukraine is slipping into a serious economic crisis than ever before. By 2008, it had grown to a modest GDP of $ 4,000 per capita; in 2009, the financial crisis caused a collapse to $ 2,600. By 2013, Ukraine reached its highest level of $ 4,300 per capita, and since 2014, GDP has been accompanied by a sharp drop to just under 1,900 per capita.

Nevertheless, in Ukraine there are enterprises that have steadfastly passed all economic crises and continue to work successfully at the present time. Thus, the Rival company has been working on the Ukrainian market for 16 years and is engaged in making gears to order , as well as other parts for various purposes according to the drawings and customer requirements. The company maintains its competitiveness due to the provision of a high level of performance of turning, milling, drilling and other works and excellent quality of manufactured parts.

However, not all businesses manage to stay afloat and maintain jobs while contributing to the country's overall GDP. Therefore, even if we take into account the fact that with a sharp devaluation in hryvnias, the actual purchasing power can be equal to 2,500 dollars, then such amounts still mean a catastrophically disastrous situation for most of more than 45 million Ukrainians. By comparison, the figures for Germany and Austria are more than $ 40,000.

In Russia, the largest gross domestic product per capita was more than $ 15,000 in 2013, but has fallen to $ 7,800 today. At the same time, the depreciation of the ruble in domestic circulation in rubles could not be used effectively. If devaluation is excluded, the decline will be up to $ 12,000. This development was primarily due to the fall in oil prices from $ 140 a barrel to less than $ 50, given that oil and gas are still the most important export products. The sanctions imposed by the West due to the annexation of Crimea and military operations in the East of Ukraine, naturally, exacerbate negative trends.