Monday 6 April 2015

After a year at war, Ukraine at financial breaking point - Business Insider

After a year at war, Ukraine at financial breaking point - Business Insider:



"Bruised and battered after a year of armed conflict, Ukraine has been crippled by a combination of monetary, budgetary, industrial, banking and energy crises that could make it dependent on outside help for decades.



The country has suffered a series of shocks that has obliterated its fragile economy.



Its vital heavy industry, in the east, has been completely hamstrung, with production plunging by a fifth -- not helped by a sharp decline in steel prices."



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