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Ukraine energy profile
…strong growth up to 2007, Ukraine underwent two severe economic crises between 2008 and 2017. Because of its exposure to foreign markets, Ukraine has been severely affected by the global economic and financial crises that began in autumn 2008: its economy fell into deep recession in 2009, with real GDP down 14.8% and industrial output plummeting almost 22%. The International Monetary Fund (IMF) offered support and agreed to a USD 16.4-billion Stand-By Arrangement (SBA) in November 2008 to stabilise the banking system and mitigate the impact of Ukraine’s collapse in output. A total of approximately USD 11 billion…
