Snow covers agricultural land near Ternopil, Ukraine.
Photographer: Vincent Mundy/Bloomberg
Economics
Ukraine’s Ban on Selling Farmland Is Choking the Economy
Kiev keeps putting off land reforms, despite pressure from the IMF and investors.
The 1,400 acres of snowy farmland being churned into thick black mud by grumbling trucks and house-high red harvesters could be a picture of rural prosperity.
Instead, the early winter scene about 250 miles west of Kiev illustrates Ukraine’s failure to drag its most historically significant industry into the 21st century and help its economy recover from the country’s violent conflict.