As Ukraine Finances Sink Below ‘Life Support,’ the West Gropes for Loan Money

Slowly Dribbling Out Help May Cost More in the End, George Soros and Economist Tim Ash Write
Ukraine’s finances are now “beyond life support,” says economist Tim Ash as its foreign reserves dropped last month to their lowest level in more than a decade. Ukraine’s official reserves, now $7.5 billion, are less than half of what the International Monetary Fund considers critical to a country’s financial health. The economy shriveled by 7.5 percent last year, electricity production is down in mid-winter, and the country needs immediate help to avoid an economic implosion. Amid it all, Ukrainians might be forgiven for …read more

Source: Atlantic Council

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