Ukraine’s war with pro-Russian separatists in its easternmost regions of Donetsk and Luhansk, started soon after Russia annexed Crimea in March 2014, has cost more than 6,000 lives and displaced more than a million. The war also damaged or destroyed much of the housing stock, infrastructure and productive capacity in its industrial heartland and sent the economy into a freefall. The gross domestic product dropped by 7 percent last year and is projected to drop another 9 percent this year. Facing a projected balance of payments deficit of $10 billion this year, the country entered 2015 on the verge of bankruptcy and desperately needing assistance.
http://yaleglobal.yale.edu/content/imf-aid-ukraine-well-intended-misguided?utm_source=YaleGlobal+Newsletter&utm_campaign=37e1428eb8-Newsletter9_14_2010&utm_medium=email&utm_term=0_2c91bd5e92-37e1428eb8-207760089
