BMI View: We forecast Ukraine to remain an underperformer in Emerging Europe with regard to its energy policy over the remainder of 2013, on into 2014, and for the duration of our forecast period. A stifling business and regulatory environment, a poor economic outlook and an unstable and fractious political sphere will all combine to deter investment in the Ukrainian energy sector, slowing further development and leaving the country at the mercy of its neighbour Russia with regard to its supplies of oil and natural gas. Ukraine is set to remain reliant on Russia for its supply of oil and …
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