According to the Canadian think tank, the Fraser Institute, Russia ranks in 115th place in the world in terms of economic freedom. Ukraine is ranked 103rd.

The index, titled "Economic Freedom of the World" measures the degree to which the policies and institutions of countries are supportive of economic liberty. The cornerstones of a liberal economy are personal choice, voluntary exchange, freedom of competition, and security for private property. Thirty-eight components and sub-components are used to construct a summary index and to measure the degree of economic freedom in five areas: (1) size of government; (2) legal structure and protection of property rights; (3) access to sound money; (4) international exchange; and (5) regulation.

The most economically "free" country in the world is the former British colony of Hong-Kong, Singapore ranks second, and New Zealand comes in third. These countries are followed respectively by Switzerland, USA, Great Britain and Canada.