Preserving Ukraine’s financial future
America’s growing differences with Russia are playing out on a variety of fronts. Perhaps the most consequential – and least understood – involves international finance rather than military deployments in the threatened, pivotal nation of Ukraine.
Kiev’s economy has been reeling since Russia annexed Crimea last year and rebels continue to destabilize the eastern Ukraine. Right now, the beleaguered government is struggling to plug a $15 billion funding gap.
More is at stake than a few billion dollars of sovereign debt. The West’s ability to counter Vladimir Putin’s geopolitical ambitions could rest on whether bankers can keep the Ukrainian economy afloat by negotiating a long-term restructuring.… Seguir leyendo »