War and Economic Reforms in Ukraine

October 07, 2014

Are economic reforms possible during times of war? This question is too narrow for Ukraine. The better question is whether reforms, in general, are possible in Ukraine. Our 22-year history, including the 6-month history of our “new” government, proves that Ukraine and reforms are simply incompatible. Why? The answer seems simple: the Ukrainian “elite” makes only populist decisions and clearly, under this guise, steals. Until today the population stood against corruption, but never against populism. Real economic reforms are not compatible with either populism or corruption. Their result is always increased salaries, income and profit of those who productively, creatively, innovatively, diligently and honestly work, while decreasing the amount and income of corrupt bureaucrats, social parasites, shadow business and those who work very little at an unproductive rate.

Last Updated on Friday, 10 October 2014 14:57

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Russian Default or a New World Order?

September 30, 2014  

Several months ago I wrote about a possible default of Ukraine which was aggressively but lamely prepared for us by Russia. The Fifth Column and our idiotic leaders have strangely helped and, in fact, are still helping Russia in this endeavor. However, everything has changed over the past few months, especially in light of the Malaysian flight downed by Russian terrorists.

Last Updated on Friday, 10 October 2014 14:57

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New War Tax Introduced in Ukraine

On July 31, 2014 the Ukrainian Parliament passed Law No. 1621-VII “On Introduction of Amendments to the Tax Code of Ukraine and Certain Other Legislative Acts of Ukraine”, which introduced a war tax in Ukraine.

Last Updated on Tuesday, 07 October 2014 23:15

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Oleksandr Savchenko Joins Frishberg & Partners

We are proud to announce that Dr. Oleksandr Savchenko has joined our law firm as Of Counsel, focusing on banking, financial and economic matters. 

By way of background, Dr. Savchenko served as Deputy Governor of the National Bank of Ukraine (1991 to 1992); Executive Director of the European Bank for Reconstruction and Development (EBRD), London (1993 to 1996); Adviser to the Prime Minister of Ukraine and Governor of the National Bank of Ukraine as a public service (1996 to 1997); Chairman of the Board of Bank Austria Kreditanstalt Ukraine (1997 to 1999); Chairman of the Board of the International Commerce Bank Joint-Stock Company (1999 to 2005); Deputy Governor of the National Bank of Ukraine (2005 to 09/25/2009); and Deputy Minister of Finance of Ukraine (09/28/2009 to 03/11/2010). For more information, see http://file.liga.net/person/860-aleksandr-savchenko.html

Please feel free to contact us anytime at This email address is being protected from spambots. You need JavaScript enabled to view it. if you have any questions for Dr. Savchenko.  

Last Updated on Thursday, 20 March 2014 19:44

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An Action Plan for a New Technocratic Government

February 28, 2013 

As Ukraine is undergoing historical political and economic changes, it is important to understand the current trends in order to predict future developments. For that reason, we are pleased to share with you a recent article written by Dr. Savchenko, entitled “An Action Plan for a New Technocratic Government”, which explains the unique role of the new government and next steps it should take, including conducting unpopular economic reforms and signing the EU Association Agreement.

Last Updated on Friday, 28 February 2014 18:41

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