Ukraine's inflation hit 34 percent in February. It's been mounting rapidly since the unrest erupted over a year ago. The conflict drained the country, and there's little money left in the reserves. From 20-billion dollars in January last year, it's now shrunk to less than 6 billion.
Financial analyst and commentator Michael Hudson says there's a big risk the IMF will not get any of its money back.
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'Kleptrocrats who run Ukraine economy will grab IMF cash & run'
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Uploaded by:
Vaughn Carey
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Category:
Business
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Added on
11 March 2015
Description
Ukraine's inflation hit 34 percent in February. It's been mounting rapidly since the unrest erupted over a year ago. The conflict drained the country, and there's little money left in the reserves. From 20-billion dollars in January last year, it's now shrunk to less than 6 billion.
Financial...
Financial...