Zero Hedge

Amid contingent offers of more bailout loans from Europe, and a looming $3bn debt repayment to Russia, Ukraine’s default risk has surged once again to post-crisis record highs. With missing gold and despite foreigners encouraging investment, Ukraine’s reserves are in total freefall as this morning’s data shows a new low and down a stunning 63% year-over-year.

 

ukrainereservescollapsejan2015

Not what Obama wanted…

 

Chart: Bloomberg

Zero Hedge

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