Battle at the Precipice of Default


Debt restructuring, several scandals involving Cabinet personnel, the arrival of the IMF mission in Kyiv and the approval of several important laws were the key areas of focus over the past month.  Luckily, full-out escalation of fighting in the east did not materialize.  Skirmishes on the eastern front have intensified, and some new Russian soldiers were even captured (this time, their capture was widely publicized in the media); however, no major movements or attacks were observed.  Still, military preparations are in full swing with a new wave of mobilization enroute.  More about recent tendencies you can read in our new report “Battle at the Precipice of Default”. The full report could be obtained through subscription at Global Source (  Trial access is available.

Summary of Economic Overview

May 27, 2015