Abstract
Ukraine's socioeconomic crisis has been developing for years and has resulted in open sociopolitical turmoil and armed conflict. The population did not condone the goals of post-Soviet transition. Citizens grew disillusioned with their government and eventually lost faith in the future of their country. The role of workers' remittances in Ukraine's economy is often underestimated, although private consumption and stability are strongly connected to them. Social inequality and oligarchic control of key national assets has contributed to instability and uneven regional development. Due to prolonged underinvestment, economic growth has been slow. Improving growth is contingent on complex institutional reforms, macroeconomic stability, open external markets, and consensus among the elites. Recovering after a protracted socioeconomic and political crisis will require not only time but also improved governance, updated institutions, and a revitalized investment climate. Taken together, this can be called the second start of Ukraine's transition.
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