Is anyone really in control in Ukraine?
Posted by seumasach on March 16, 2014
16th March, 2014
While everyone is concentrating on the referendum in Crimea, let’s not lose sight of what’s happening in the rest of (formerly independent) Ukraine. As we already know, the government in Kiev is dead broke; the aid that is forthcoming from the US is barely enough to cover its debt to Russia’s Gazprom, for natural gas. Ukraine’s bond yield has spiked to 50% while $15 billion of these bonds mature and have to be rolled over this year.
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