In the new episode of our “Explaining Ukraine” podcast looking at developments in and around Ukraine in April 2021: the buildup of Russian troops on Ukraine’s border; the risk of a full-fledged Russian invasion; the illusion of the withdrawal of Russian troops; diplomatic battles in Central and Eastern Europe after proof of Russian state terrorism. We also talk about Ukraine’s domestic agenda, in particular rollback of state enterprise reform and the dismissal of Andriy Kobolev,head of Naftogaz, Ukraine’s gas and oil giant.