Ukraine - heading for sovereign default
Russia controls the natural gas but Ukraine has the bill. US$3.5 billion is owed to Russian energy giant Gazprom. Russia is squeezing Ukraine. It has ended gas price subsidies, is demanding up-front payment, and has threatened to cut gas supplies if bills are not paid. But Ukraine’s economy is already in crisis. The IMF has stepped in – but it has been warned that matters for Ukraine might only get worse as tranches of payment go to Russia instead of being used to shore up Ukraine’s collapsing economy.
<i>Ukraine is heading for sovereign default - likely before the end of 2014. The country is caught in a tug-of-war between Russia and the West, where the Kremlin insists that all...
- Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
- Also considered useful for the administrative university facilities, to better understand the possible effects of current decisions.