- Says Ukraine’s FX reserves seen at $16.2bn by end of 2014 compared to $19.2bn prior
- Risks from Ukraine program have materialised from heightened conflict and gas row with Gazprom
- If active fighting continues beyond coming months Ukraine would need new strategy and additional external funding
The long and short is that they are going to need a sizeable financial lifeline and while the IMF and Europe have committed to that they won’t want to be drawn into an expensive protracted financing arrangement.
You made your bed now lie in it IMF/Europe.
