2014 was one of the most difficult years in the contemporary
history of Ukraine in both political and economic terms. The
country lived through the Revolution of Dignity in February, the
annexation of Crimea in March, the ongoing military conflict in
eastern Ukraine and deep financial and economic crisis.
In order to counter these difficulties and to prevent foreign
capital outflow from Ukraine, the state has implemented a series of
unpopular regulatory measures. They have significantly changed the
legal framework for doing business in Ukraine, primarily in
relation to tax, customs duties and foreign currency rules.
A long list of changes introduced by the state so far includes a
war tax, additional import duty, increase of the royalties on gas
production and other regulatory measures in the energy sector,
restrictions affecting the repatriation of dividends by foreign
investors and repatriation of funds received by foreign investors
due to the sale of equity
