Ukraine heaps on economic pressure as central bank confuses, truce takes hold




 
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February 26th, 2015  
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Topic: Ukraine heaps on economic pressure as central bank confuses, truce takes hold


By Natalia Zinets and Anton Zverev KIEV/MAKIYVKA, Ukraine (Reuters) - Ukraine came under greater economic pressure after unexpectedly banning most currency trading and then abruptly reversing course, wreaking havoc on the hryvnia, just as a truce in the east took hold on Wednesday with no combat fatalities reported. With the long-awaited ceasefire coming into force, Russian President Vladimir Putin once again threatened gas supplies for the fourth time in a decade if Moscow did not receive advance payment. In rebel-held eastern Ukraine, pro-Russian separatists were withdrawing heavy guns from the front. Kiev said it was too early to do likewise, but its acknowledgement that most of the front was quiet suggested it, too, could implement a truce that had appeared stillborn in the midst of a major rebel offensive last week.




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