Ukraine's Way for Economic Rehabilitation through the Belt and Road Initiative

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.