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Comments → Brexit, Germany and Ukraine

Brexit, Germany and Ukraine
Brexit, Germany and Ukraine
11 Jul 2018 09:51
Comments → Diplomacy and Foreign Affairs

Brexit, Germany and Ukraine

Dr. Natalie SlobodianEuropean energy policy, Security and diplomacy, Global oil and gas markets, Regional energy markets, Russian energy policy, Peacebuilding and post-conflict reconstruction, Sanctions as an instrument of foreign policy, The side-effect of sanctions

A few words about Brexit, Germany and perspectives of Ukrainian euro integration: 1. The German economy is an export-based economy and the U.K. is a fourth-largest export market right now, for example, last year German exports to the U.K. was 6,5%. Moreover, Eastern European countries are a key part of the German supply chain and if Britain drops out of the export chain it could be a negative effect. It seems that the idea appears to involve in German export chain Macedonia and Albania instead the U.K.2. It is a risk for Ukraine and her perspectives of euro integration. The support of the Balkan countries can be in the priority.3. In any way, Brexit could open Pandora’s box and the side effects of Brexit are inevitable