Traders’ bets on the hryvnia weakening approached a one-year high in the forwards market on concern that Ukraine’s dwindling foreign reserves will reduce policy makers’ ability to prop up the currency.
The European Union’s foreign policy chief is heading to Ukraine after police raided the main opposition party headquarters and tore down barricades erected by protesters calling for President Viktor Yanukovych to quit.
The hundreds of thousands of protesters who poured into the streets of Kiev this weekend, tearing down a statue of Lenin, believe their country’s future is under threat from Russia. They are right. They also need to get off the streets.
Russia cast doubt that Ukraine may soon join its customs bloc, a plan that has sparked the ex- Soviet republic’s biggest protests in almost a decade and fueled calls for President Viktor Yanukovych to resign.