An open letter from Ukrainian economists and business leaders warns:

An open letter from Ukrainian economists and business leaders warns: “The Ukrainian government must pay more than $3 billion to creditors in the second half of this year and about $7 billion next year. The state does not have these funds, and the sources of their receipt are not yet available.” Failure to pay this debt, they wrote, means a catastrophic devaluation of the hryvnia and the impoverishment of the majority of Ukrainian citizens.