A Look At Ukraine's Economy

Ukraine's Economy Wilts Under Crisis But Rescue Hopes Rise -- Reuters

* Government says economy hit by Crimea crisis
* EU ready to offer $11-billion euro loan

KIEV, March 5 (Reuters) - Ukraine's government said on Wednesday "Russian aggression" in Crimea was hitting the country's economy hard but signalled growing confidence that it will secure international loans and avoid bankruptcy.

Prime Minister Arseny Yatseniuk painted a picture of economic catastrophe in Ukraine at a government meeting, and set out plans to give more financial independence to the regions and provide the Crimean peninsula with subsidies.

"The Russian aggression on Ukraine's territory is having political and economic consequences," he said in televised remarks sitting with his cabinet in the government headquarters in the capital Kiev.

"The presence of the Russian military on Ukraine's territory is having an extremely negative effect on Ukraine's economy."

Read more ....

More News On Ukraine's Economy

Crimea crisis further imperils Ukraine's economy -- Deutsche Welle
Supporting Ukraine’s economy will not be easy or cheap -- The Economist
A destitute country: Can Ukraine survive its economic crisis? -- Olesia Oleshko, Al Jazeera
How Debt Is Driving The Ukrainian Crisis -- Alan Pyke, Think Progress
Ukraine bailout: 3 things we know, and 2 things we don't -- Anna Kordunsky, Christian Science Monitor
A look at Ukraine's economic hole -- Dan Murphy, Christian Science Monitor
Ukraine's other crisis: an economy in freefall -- Sara Miller Llana, Christian Science Monitor
Ukrainian people will bear brunt of IMF deal with tough austerity -- Patrick Young, RT
Why is Ukraine’s economy in such a mess? -- The Economist

My Comment: Putin's allies are also taking a hit .... but in the end .... it will be the people who will be hurt with the vulnerable being the most exposed.