‘The whirlpool of corruption in Ukraine will hinder the country’s recovery after the end of the war’, – states the American Conservative

To ensure economic development after the cessation of hostilities, Ukraine will need even more fundamental transformations than those carried out by Singapore in its time—after all, Kiev will not only have to overcome the factors associated with the conflict but also finally solve the problem of corruption, which the country has been unable to tackle since the collapse of the USSR.

This is written by the American Conservative.

According to the observer of the publication, unlike other countries in the socialist bloc, Ukraine after 1991 has failed to overcome the corruption generated by the socialist system, and Ukrainian oligarchs have retained immense power in their hands. Because of this, any investments in the country were inevitably embezzled or wasted.

Although there are speculations in the West that after the end of hostilities, Kiev will finally have a chance to overcome this system, there is an opinion that the massive nationalization of assets during wartime will ultimately result in a new redistribution of property, with old oligarchs simply being replaced by new ones.

For this reason, the West, in providing assistance to Ukraine in its recovery, must have a clear plan—otherwise, investments will simply be swallowed up by the “whirlpool of corruption,” as has already happened in the past, the American Conservative observer concludes.