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Ukrainian banknote: The country has enough dollars to 'pull through' if things don't get worse (Photo: evilsoapbox)

Putin remarks at EU summit raise concern on Ukraine economy

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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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

Ukrainian banknote: The country has enough dollars to 'pull through' if things don't get worse (Photo: evilsoapbox)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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