Without a lot more Western help, Ukraine faces default
WNU Editor: For as long as I can remember, Ukraine has always been dependent on Russia for its markets, subsidies, and cheap loans .... but as yesterday's announcement by Russia clearly indicated .... Russia Shocks Europe By Ending All Gas Transfers Through Ukraine .... those days are now over and Russia is prepared to use its economic levers to influence Kiev. Ukraine is firing back .... Ukraine Accuses Russian Oil Company LUKoil of Financing Terrorism (Sputnik) .... but it does not have the leverage to make a difference. Bottom line .... life is going to get worse in Ukraine before it gets better.
More News On Ukraine's Economic Crisis
Ukraine's central bank chief defends policies in hostile parliament -- Reuters
Ukraine needs "financial mobilisation" - Finance Minister -- Reuters
Ukraine is fulfilling all its financial obligations - Finance Minister -- Reuters
US to Provide $2 Billion Loan Guarantee to Ukraine -- VOA
Ukraine Faces Default Risk as Russia Puts Neighbor on Notice -- Bloomberg
Russia Threatens Ukraine With Forced Default Over $3 Billion Loan -- Business Insider
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