Ukraine Aid Limbo Deepens Reserves Squeeze: East Europe Credit
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Ukraine is running short of time to end a political stalemate and win more international aid from either Russia or the West as foreign-currency reserves shrink and hryvnia touched a five-year low today.
Reserves probably contracted to $18.8 billion in January from $20.4 billion a month earlier, according to the median estimate of seven analysts surveyed by Bloomberg before the central bank publishes the data by Feb. 10. That would tie November for the lowest level since 2006, before Russia pledged $15 billion in emergency loans a month later.