Ukraine’s currency, the hryvnia, has fallen to a new low of 10 to the US dollar.
The currency’s decline reflects political upheavals and longer-term persistent economic weakness.
But it is also likely to aggravate those underlying problems and adds to Ukraine’s need for international financial assistance.
The pressure is on the West and the International Monetary Fund (IMF) to help, as Russia seems unlikely to.
Even before the recent political upheavals, Ukraine’s economic performance was dismal. The economy is still smaller than it was in 1992, in the early days of post-Soviet independence.
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