Thursday, 6 March 2014

Ukraine's economy wilts under crisis but rescue hopes rise - chicagotribune.com #EuroMaidan

Ukraine's economy wilts under crisis but rescue hopes rise - chicagotribune.com:



"Ukraine's government said on Wednesday "Russian aggression" in Crimea was hitting the country's economy hard but signaled 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.""



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