EconomyUkraine's reserves slump below $10bn

December 5, 2014 12:09 PM

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Ukraine's central bank reserves have dipped below the $10bn mark for the first time since at least 2005 after making a gas payment to Russia's Gazprom, underscoring the precarious position of the country's economy.

Kiev has signed a $17bn bailout agreement with the International Monetary Fund, but the programme has been swiftly derailed by Russia's annexation of Crimea and support for eastern Ukrainian separatists.

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