Ukraine’s Falling GDP Could Create Bond Problems

September 5, 2014 3:24 PM

21 0

Ukraine’s weakening economy is already a political liability for President Petro Poroshenko at home, but it now threatens to become yet another pressure point between Kiev and Moscow, according to IMF data released this week.

A deepening recession amid the five-month war with pro-Russian rebels has helped push Ukraine’s GDP down sharply this year, while rising foreign borrowing has boosted government debt. As a result, Kiev is now perilously close to breaking the terms of a $3 billion Eurobond it sold to Moscow back in D...

Read more

To category page