EconoMonitor : Ed Dolan's Econ Blog » Ukraine’s Crisis Threatens to Drag Russia’s Economy Down, Too | #EuroMaidan

EconoMonitor : Ed Dolan's Econ Blog » Ukraine’s Crisis Threatens to Drag Russia’s Economy Down, Too:



"Political events in Ukraine and diplomatic tensions with Russia are filling the headlines this week, but behind these recent developments is a story of persistent economic weakness. Although a change of government in Kiev may eventually bring needed reforms, in the short run it can only worsen the economic situation. Bloomberg reports that Ukraine’s interim president, Oleksandr Turchynov, has said that the country’s economy is “spinning out of control” and has entered a “pre-default situation.” All this raises the question of whether economic collapse in the Ukraine will drag the already faltering Russian economy down with it."



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