Putin Scores Victory Over Ukraine Allies in Bond Market Collapse
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Russia is damaging Ukraine’s economy faster than the U.S. and its European allies can provide support.
That’s the conclusion of investors, who have sent the price of Ukrainian bonds to record lows even as the country awaits $17.5 billion of emergency loans from the International Monetary Fund. Ukraine's currency, the hryvnia, has lost about a half of its value this month, forcing the central bank to tighten capital controls to keep money from fleeing the country.