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Ukrainian challenge

29 December 2004 By Edward Hadas

Yuschenko s presidential victory brings the country closer to a Europeanstyle democracy. The Russians will watch with interest and fear. But Putin can afford to wait and see. Ukraine s deep divisions and stunted economy will not be easy to run. The opposition victory in the Boxing Day election was a blow to President Putin. But the Russian president can afford to play it long. Ukraine remains deeply divided and its economy is weak. Further instability is likely.

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