: :inin Kyiv (EET)

Economy deteriorates as conflict rages in Ukraine


KIEV- A crippling financial crisis in Ukraine is turning the clock back to the 1990s, when people kept dollars in their socks rather than at banks and smuggled cars to sell them on the black market and avoid the tax man.

When the Soviet Union collapsed in 1991, leaving the command economy in tatters, many in the newly independent republics such as Ukraine were left to fend for themselves, using …

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Source: The Nation

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