Why isn’t Ukraine an economic powerhouse?

I’ve always known that Ukraine was rich in economic resources.  And I’ve always known that’s why American and other foreign corporations have wanted to get their hands on Ukraine’s resources.  but I never realized how rich until I read the statistics in this post.

UKRAINE IS:

🌐 1st in Europe in proven recoverable uranium ore reserves;
2nd place in Europe and 10th place in the world in titanium ore reserves;
2nd place in the world in terms of explored reserves of manganese ores (2.3 billion tons, or 12% of world reserves);
The 2nd largest iron ore reserves in the world (30 billion tons);
2nd place in Europe in mercury ore reserves;
🌐 3rd place in Europe (13th place in the world) in terms of shale gas reserves (22 trillion cubic meters)
🌐 4th place in the world in terms of the total value of natural resources;
7th place in the world in coal reserves (33.9 billion tons)

Ukraine is an important agricultural country:
🌐 1st in Europe in terms of arable land area;
🌐 3rd place in the world by the area of chernozem [a kind of fertile black soil] (25% of the world volume);
🌐 1st place in the world in the export of sunflower and sunflower oil;
2nd place in the world in barley production and 4th place in barley export;
🌐 3rd largest producer and 4th largest exporter of corn in the world;
🌐 The 4th largest potato producer in the world;
The 5th largest rye producer in the world;
5th place in the world for honey production (75,000 tons);
8th place in the world in wheat exports;
9th place in the world in the production of chicken eggs;
🌐 16th place in the world in cheese exports.

Ukraine can meet the food needs of 600 million people.

Ukraine was an important industrially developed country:
🌐 1st in Europe in ammonia production;
The 2nd and 4th largest natural gas pipeline systems in the world;
🌐 3rd largest in Europe and 8th in the world in terms of installed capacity of nuclear power plants;
3rd place in Europe and 11th in the world in terms of the length of the railway network (21,700 km);
🌐 3rd place in the world (after the USA and France) in the production of locators and navigation equipment;
🌐 3rd largest iron exporter in the world;
🌐 The 4th largest exporter of turbines for nuclear power plants in the world;
🌐 The world’s 4th largest manufacturer of rocket launchers;
🌐 4th place in the world in clay exports;
🌐 4th place in the world in titanium exports;
8th place in the world in the export of ores and concentrates;
9th place in the world in the export of defense industry products;
🌐 The 10th largest steel producer in the world (32.4 million tons).

So why are Ukrainians so poor?:

Ukraine is one of the worst off countries after the collapse of the USSR.  It is the poorest country in Europe despite having a huge aerospace industry, natural resources and some of the most fertile land for agriculture.  During the communist era, Ukraine was the breadbasket of the Soviet Union.  Despite all this, Ukrainians have experienced terrible famines such as the Stalinist Holodomor.

Today, the situation is not much better. Apart from enduring a war with Russia, its political system is particularly corrupt. Almost the entire economy is in the hands of big oligarchs: millionaires who amass fortunes thanks to their connections with political power.

Here’s a video that describes conditions in Ukraine.

I don’t disagree with anything the presenter said, but she doesn’t sufficiently stress how demoralized the Ukrainians probably are from having to live under Communism, and then under a corrupt oligarchy.

Ordinary Ukrainians aren’t to blame for their corrupt oligarchy.  Neither are Russians to blame for theirs.

LINKS

The IMF Connection With the Ukraine Crisis by Lynn Fries for GPEnewsdocs.

Why the West Lusts After Ukraine by Larry C. Johnson on Son of the New American Revolution.

Larry’s Thoughts on Ukraine by Andrei Martyanov on Reminiscence of the Future.  [Added 06/16/2022]

Why Is Ukraine the Poorest Country in Europe? by VisualPolitik EN for The Global Herald.

Ukrainian Archives – Transparency International.  Corruption in Ukraine and other Central and Eastern European countries.

List of sovereign states in Europe by GDP (nominal) per capita on Wikipedia.

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