Ukrainian economy: Donetsk residents struggle with rising prices

Al Jazeera English published this video article, titled “Ukrainian economy: Donetsk residents struggle with rising prices” – here is their description.

The Donetsk region in eastern Ukraine is grappling with soaring prices seven years after being seized by Russian-backed separatists.

And there is little relief in sight for residents, with tensions between Ukraine and Russia at an all-time high.

In February 2015, the Ukrainian government and pro-Russian separatists signed an agreement in the Belarusian capital, called the Minsk II agreement.

The agreement aimed to achieve a political solution and lasting peace.

But seven years later, not a single one of the 13 articles it contains has been fully implemented.

Many Ukrainian politicians complain that the deal is too favorable to Russian-backed separatists, meaning it could give Moscow an even bigger hand in Ukrainian affairs.

Last year, Ukrainian President Volodymyr Zelenskyy said he wanted to modify the Minsk II agreement.

International donors insist that the agreement must be honored by both parties.

And no political agreement means the economy cannot recover.

But the separatist government says the economy is gradually improving and Russian investment is helping.

Al Jazeera’s Charles Stratford reports from Donetsk in eastern Ukraine.

Al Jazeera English YouTube Channel

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Christi C. Elwood