Moment of Truth Nears for Ukraine Investors Ignoring Turmoil
- Lawmakers due to vote on disputed reform bill on Thursday
- Ukraine, Turkey, Argentina named among most vulnerable in EM
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Investors holding Ukrainian debt are approaching a crucial moment as the country counted among the shakiest emerging markets prepares for a vote that can alleviate a swirling political crisis -- or tip the nation deeper into turmoil.
One of the five countries listed by the Institute of International Finance as the most vulnerable to a stronger dollar and rising global interest rates, Ukraine is in the midst of a political upheaval that has the potential to curb its foreign funding. Of the other four, Turkey and Argentina have suffered full-blown currency crises since the study was published a month ago.