KYIV, May 22 – Not enough pace of reforms in key economic directions threaten Ukraine with default and currency crisis, which could result into the political crisis before holding the presidential and parliamentary elections in 2019, according to economists from VoxUkraine Project and the Kyiv School of Economics (KSE).

"Today, heavy debt repayments and possible macroeconomic and currency crisis require urgent action. If these risks materialize, the government will be unable to fulfill its obligations, including social transfers to the public. This will result into a major political crisis on the eve of the elections," VoxUkraine and KSE said in the article published on Tuesday.