March marked the beginning of the end of the crisis in both countries.

Russia dwarfs Ukraine in almost every way, but given its size it should be pulling ahead of Ukraine as some sort of normality returns and it is not – at least on some scores.ĭigging a little deeper and Ukraine is actually outperforming Russia on income growth, industrial production growth and a few other counts, although direct comparisons have a limited validity due to the huge differences in the sizes of the two economies – Russia’s is more than 20 times larger and a lot more sophisticated.Īs bne IntelliNews has reported, six years after the Euromaidan revolution it appears that Ukraine is finally starting to enjoy some of the benefits of the catch-up growth that most countries in the region finished a decade ago. Russia and Ukraine are both emerging from the coronacrisis and have had very similar experiences, but as the recovery gets under way Ukraine is beginning to close the gap with Russia.Įxamining the two economies at first sight there seems little to compare, as that gap remains very big indeed.

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