Ukrainian Assets Tumble as Crimea Tensions Eclipse IMF Progress
- Bond yields rise to highest since issuance, hryvnia weakens
- Ukraine proposes martial law after conflict with Russian navy
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Ukrainian government bonds fell the most since their issuance as a flare-up in the conflict with Russia overshadowed Kiev’s progress in securing an International Monetary Fund bailout.
The incident, in which Russia’s navy opened fire on a group of Ukrainian military ships near the Crimean peninsula, took yields on some bonds to the highest since they were sold over the last year. The hryvnia was on track for its biggest drop in more than a month against the dollar.