Short term, Monday’s oil price crash will help Ukraine, a net energy importer. Oil and gas, Ukraine’s top import category, account for one quarter of Ukraine’s imports. In 2018, this import bill was $13 billion. On Monday, Brent fell 24% to $34.50 a barrel, nearly a 20-year low. European gas prices already are at 10-year lows.
Short term, Monday’s oil price crash will help Ukraine, a net energy importer.
