New crisis in Kiev: Ukraine’s inflation spike spells trouble for the embattled nation because of its dependence on foreign cash

Ukraine has its

Ukraine has its peculiarities. In one of Europe’s poorest nations, corruption and the influence of tycoons has hurt efforts to turn the country around. Like everywhere else, there’s a clear link between politics and economics.

That’s why it is important that last week, Ukraine’s Central Bank (NBU) announced that year-on-year consumer inflation now exceeds 10%, which has not happened since 2018.

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