By Lesley Wroughton and Richard Balmforth
The 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 …read more
Source: Cyprus Mail
