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Ukraine’s new government struggles to stabilize economy

4 years ago5 views



The new Ukrainian Government is facing tough challenges including financial problems. The country’s new Prime Minister Arseniy Yatsenyuk claims former President Viktor Yanukovych’s administration siphoned more than $70 billion from the financial system over the last three years. The nation’s treasury has next to nothing left – some $400,000 – and foreign reserves are down to a dangerously low $15 billion. Ukraine's new Prime Minister has said securing a loan agreement with the International Monetary fund is vital for the country.

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