It looks as though difficult times are coming to Ukraine again. Too many problems have been accumulating, and these may soon converge. Russia appears pleased to see Ukraine drifting towards a stalemate on the gas issue, and is unlikely to lose any opportunity to squeeze even more concessions from the Ukrainian authorities. To make matters worse, the chronic problems in the West have finally reached Ukraine: metal prices are sliding, and the currency deficit is strengthening. More about recent tendencies you can read in our new report “Dangerous Trends”. The full report could be obtained through subscription at Global Source (www.globalsourcepartners.com). Trial access is available.