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Fighting eases in eastern Ukraine but economic collapse now looms
Fighting eases in eastern Ukraine but economic collapse now looms

Fighting has eased between Ukrainian government forces and pro-Russia separatists in recent days as both sides have begun to withdraw heavy weapons but the greater danger now confronting Ukrainians is collapse of their debt-strangled economy. The national treasury's hard currency holdings are estimated to have dwindled to less than $5.5 billion, or about as much as importers have traditionally spent every three weeks. The hryvnia currency lost more than half its value in February, plunging to a record 34 against the U.S. dollar by Thursday. The dollar bought only eight hryvnia before the tumult of a government overthrow and separatist rebellion early last year. Russia's...

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