Vladimir Fedorin: Financial Chornobyl threatens Kyiv’s moderates

The turbulent Ukrainian economy is chillingly reminiscent of Russia's economy in 1998. Ukraine's president, prime minister and National Bank chief recently called on the country's largest exporters and banks to help stop the attack on the national currency, the hryvnia. According to one blogger writing for Ukrainian Pravda, President Petro Poroshenko told businesspeople that yes, he is a liberal, but the exchange rate should not exceed Hr 12.05 to the dollar.