CWR > Volume 4(2); 2018 > Insights
Report
Published online: September 1, 2018
DOI: http://dx.doi.org/10.14330/cwr.2018.4.2.09
Ukraine's Way for Economic Rehabilitation through the Belt and Road Initiative
Lester D. Paul
Zhejiang Law School
594 Hinsdale Street, Brooklyn, New York 11207, USA
Corresponding Author: lesterpaul2692@gmail.com
ⓒ Copyright YIJUN Institute of International Law. This is an Open Access article distributed under the terms of the Creative Commons Attribution Non-Commercial License (http://creativecommons.org/licenses/by-nc/3.0/) which permits unrestricted non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
This article is intended to highlight the benefits of China's Belt and Road Initiative and how Ukraine can co-operate with its neighbors to improve its economy as an alternative to the WTO. Ukraine has suffered several political setbacks over the past five years including the annexation of Crimea by its neighbor Russia. Recent political instability in Ukraine has made an adverse effect on the economy resulting from a steady decline in business. The benefits of the Belt and Road Initiative is analyzed and compared with the current investment and financial institutions available as a source of finance for the government. The result shows that there is a higher potential in the B&R than in other trade partnerships. Ukraine should focus its capital on investing in its infrastructure and businesses that can quickly merge with or capitalize on the Initiative.
Keywords : Ukraine, Belt and Road, WTO, BITs, AIIB, OECD, TPP
