Merkel and Hollande to Take Ukraine Peace Plan to Moscow

Part-PAR-Par8091998-1-1-0The leaders of Germany and France announced a new peace plan for Ukraine on Thursday, flying to Kiev with a new proposal they would then take on to Moscow The importance of reaching a deal was demonstrated by a dramatic collapse in Ukraine’s hryvnia currency, which lost nearly a third of its value after the central bank halted daily auctions at which it sold hard currency to banks. Nearly bankrupt Kiev is trying to negotiate a bailout from the International Monetary Fund, but many analysts think securing loans is impossible as long as no ceasefire is in place in the war zone in the east. Read Full Article

Categories: Europe, Russia, Ukraine

Tags: , , , , , , , , , , , ,

%d bloggers like this: