Country Reports

Ukraine Country Report

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Risk Level

Very High


Executive Summary

Political instability in Ukraine will increase further ahead of the presidential vote slated for March–April, and parliamentary elections in October 2019. This puts further reforms, including agricultural land reform and the anti-corruption drive, in question. Continued political and financial support from Western donors will remain vital, considering the external liquidity pressures to service debt and meet the current-account shortfalls. The government is expected to continue with some key reforms, spanning economic policy governance, and anti-corruption measures. This will reflect pressure from Ukraine’s official creditors and seek to address domestic criticism of the government for failure to deliver its policy pledges, potentially assisting it to win re-election and reduce the risks of facing renewed protests or losing power. The risk of violent provocations by Russian-linked and far-right groups, media manipulation, and cyber-attacks targeting critical infrastructure is likely to increase in 2019. The hybrid conflict in Donbass between government forces and Russian-backed separatist militias remains ongoing as of December 2018, and parts of Donetsk and Luhansk regions are likely to remain Russian protectorates for the foreseeable future. Controlled re-escalations, with higher intensity fighting along the geographically stable line of contact in Donbass but without extension to new conflict zones, are likely ahead of the 2019 elections. After expanding by 2.5% in 2017, Ukraine's real GDP growth is expected to accelerate to 3.3% in 2018, and 2.6% in 2019. Economic activity is currently supported by firming domestic demand. However, political instability in 2019, ongoing emerging market turmoil, and weaker external demand undermine the near-term growth outlook. Foreign-exchange reserves have been bolstered by access to multilateral financing and commercial borrowing, while immediate debt-service pressures were removed by a private-debt-swap deal. However, prolonged delays in credit disbursement from the International Monetary Fund could reduce the foreign-exchange buffer once again, especially with private debt repayment restarting in 2019. © 2018, IHS Markit Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.
Last update: December 6, 2018

Operational Outlook

The business environment has suffered from the political instability brought by Russia’s annexation of Crimea in 2014 and the unresolved conflict in the east. While the government is attempting to push through key structural reforms to improve governance and accelerate economic growth, the re-escalation of fighting remains a risk. Ongoing economic weaknesses in Ukraine are likely to increase labour unrest into 2019. Cargo movement across the border to Russia is restricted by regulatory bans. Although the government is keen on attracting FDI, including by continued deregulation, insufficient progress in its anti-corruption drive and uncertainty concerning the scope of the reforms are mitigating these efforts.

Last update: December 5, 2018



The continuing armed conflict in eastern Ukraine provides manpower and material for terrorist activity outside the conflict zone. IED attacks against government buildings, police offices, or railway infrastructure are most likely in Kiev and in the large cities in the south and east. As the majority of attacks are intended to damage the property, risks of injury and death are mostly collateral. Risks of cyber-attacks, including against critical national infrastructure, such as energy grids, ports and airports, mostly executed by groups associated with Russia are elevated ahead of the 2019 elections.

Last update: October 9, 2018

War Risks

Russia occupied Crimea in February 2014 and annexed it in March 2014; any Ukrainian attempts to recapture the peninsula militarily would trigger an open interstate military conflict; therefore, such scenario is unlikely. The armed conflict in eastern Ukraine was still ongoing as of September 2018 along a geographically mostly stable line of contact (LoC) owing to Russia's continued support to the separatist militias in Donetsk and Luhansk regions. Although fighting along the mostly stable LoC is likely to continue with dozens of incidents daily, the likelihood of open and direct Russian involvement in Donbass remains low, as it would risk triggering further Western sanctions against Russia.

Last update: October 9, 2018

Social Stability

Very high

Public willingness to protest has been fomented by the current government's liberal approach, political pluralism across all levels, and the freedom of media; it was also aggravated by the economic weaknesses and continued government instability. This provides an environment in which protests, both economically and politically driven, are likely to be frequent and widespread across the country, but will unlikely be sufficient to mobilise a large-scale protest movement able to topple the current government as it did in February 2014. However, protesters will increasingly likely attempt to block roads, railways, and other infrastructure to increase impact of their actions.

Last update: October 9, 2018

Health Risk

Very high

Vaccinations required to enter the country

No vaccinations are required to enter the country.

Routine Vaccinations

Hepatitis A: A vaccine is available for anyone over one year of age. The vaccine may not be effective for certain people, e.g. those born before 1945 and who lived as a child in a developing country and/or have a past history of jaundice (icterus). These people can instead get a shot of immune globulin (IG) to boost their immunity against the disease.

Hepatitis B: A vaccine is available for children at least two months old.

Diphtheria-Tetanus-Polio: A booster shot should be administered if necessary (once every ten years).

Other Vaccinations

Typhoid Fever: If your travels take you to regions with poor sanitary conditions (for children two years old and up).

Rabies: For prolonged stays in an isolated region (for children from when they can walk).

Tick-Borne Encephalitis: For stays in rural zones and for hiking enthusiasts (for children over the age of one).

For Children: All standard childhood immunizations should be up-to-date. In the case of a long stay, the BCG vaccine is recommended for children over one month and the MMR (measles-mumps-rubella) vaccine for children over nine months.

Last update: November 28, 2013

Natural Risks

Very high

Finally, local weather conditions, such as the torrential rains and floods observed in the west of the country in spring 2010 (Chernivtsi oblast; several deaths; damage to homes; several thousand residents evacuated) and the wave of extreme cold that struck the country in February 2012 (responsible for 100 deaths), can cause significant damage and disrupt the movement of people and goods. Forest fires can also occur in the country; two fires sprung up near the Chernobyl nuclear plant in April and June 2015.

Winter storms commonly produce hazardous conditions (strong winds, heavy snowfall, ice) and cause significant transportation disruptions nationwide between November and February.  In January 2018, much of the country saw snowfall of up to 40 cm (16 in), with winds up to 70 km/h (44 mph).

Last update: February 13, 2018

Practical Information


The climate is temperate-continental thanks to the influence of the Siberian High (Siberian Anticyclone). Winter is harsh and snowy in the north and the east and lasts approximately four months. Temperatures are milder along the coast of the Black Sea (in the south). Summers are long and hot with sometimes violent thunderstorms. Autumns are sunny and mild.

Useful Numbers

Country Code: +380
Police: 02
Fire Dept.: 01
Ambulance: 03


Voltage: 220 V ~ 50 Hz


Last update: January 31, 2014