Rostislav Kravets: ‘The Kolomoisky effect’ will have disastrous consequences for Ukraine

Ukraine is suffering from a major financial crisis since late 2008, characterized by the world’s greatest devaluations of the national currency. For the last eight years Ukrainian businesses sustained significant losses, which directly impact the banking sector. Liquidation proceedings were initiated for more than 70 commercial banks during the period of last two years only. …

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