This paper discusses payments arrears in the Russian Federation and Ukraine, with emphasis on the gas and electric power sectors. Payments arrears, which were triggered primarily by the dislocations experienced during the transition from a centrally planned to a market economy, have reached...

Ukraine is a big country with a developed multimodal transport infrastructure that includes a network of roads, railways, airports and seaports, as well as pipelines. In addition, the country has significant infrastructure for electricity generation and distribution, and for gas transportation....