Russia-Ukraine Relations Unlikely To Normalize Even Under Zelenskiy - Moody's
Umer Jamshaid 4 months ago Tue 02nd April 2019 | 07:16 PM
Russia-Ukraine relations are unlikely to normalize even if Volodymyr Zelenskiy wins the presidential elections in Ukraine, Moody's said in a statement Tuesday
"In foreign policy, Zelensky's statements suggest that he is likely to take a more conciliatory position vis-à-vis Russia (Baa3 stable), while maintaining a broadly European Union-oriented foreign policy stance. Still, a somewhat softer approach may help sustain the downward trend in the intensity of clashes in Eastern Ukraine, allowing a freezing of the conflict," it said.
"However, a complete rapprochement with Russia is unlikely because Zelensky would not accept Russia's annexation of Crimea or support granting wide autonomy to Russia-occupied parts of Eastern Ukraine. With a normalization in relations likely to be off the table, prohibitive trade restrictions will remain in place on both sides of the border," Moody's said.