The prospect of a financial crisis in Ukraine has increased, despite an emerging solution to the political crisis in one of the EU’s biggest neighbours.
The US-based ratings agency, S&P, cut Ukraine’s debt rating to CCC+ on Tuesday (28 January), putting it on a par with Argentina, and added that it may slip further in future.
“We now assess Ukraine … as exhibiting characteristics of a ‘distressed civil society with weakened political institutions,’ diminishing the government’s c...
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Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.