NEWSLINK Time: Why Ukraine Still Can’t Break Ties With Russian ‘Aggressor State’

… With most of its scarce resources focused on fighting Russia’s proxies in the east, Ukraine’s leaders have watched their economy fall off a cliff, surviving only by the grace of massive loans from Western institutions like the International Monetary Fund, which approved another $17.5 billion last month to be disbursed over the next four years. But that assistance has not stopped the national currency of Ukraine from losing two-thirds of its value since last winter. In the last three months of 2014, the size of the economy contracted almost 15%, inflation shot up to 40%, and unemployment approached double digits.

http://time.com/3814126/kharkov-mayor-ukraine/