Politics and economics in the development of the Ukrainian energy markets, 1995–2004

We complete Part I of this book with an overview of the development of Ukraine’s energy markets and policies in the period from independence to 2004. This chapter seeks to answer the question of how did changes in domestic political conditions and the “balancing” between various Business-Administrative Groups (BAGs) affect the development of Ukraine’s energy markets between 1995 and 2004. In doing so, we aim to provide a context for the more focused analysis of the role of energy rents in Ukrainian energy policy in Part II of the book.