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Introduction
Ukraine and Russia are large countries both in terms of population and land. They have large potential for economic growth. However, their prospects are strongly dependent on successful solving of a number of difficult problems, some of which are real challenges. The problems can be divided into two groups: (1) country and/or region specific problems primarily stemming from their past heritage (shorter: transition to markets, longer; communist legacy, and also very long: imperial position), (2) universal problems, such as population ageing, similar to those faced by other European and also non-European countries.
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