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Ukraine Facing Backlash From FX Borrowers Sunk by Hryvnia

As central Kiev burned amid deadly street protests in February, Ukraine’s currency dived and Alex Bukovetskiy stopped paying his dollar-based mortgage.

The 41-year-old joined hundreds of angry borrowers at parliament last week to demand the authorities provide relief after the hryvnia lost a third of its value in two months. Payments to Universal Bank on his flat in the capital’s suburbs have jumped 40 percent to $1,250 since President Viktor Yanukovych was toppled.