[1]Russia's earlier "default" warning (or threat) [4]has not just impacted Ukrainian bonds but the currency is crashing. The Hyrvnia is down a stunning 6.8% today - the biggest drop since Feb 2009 - to a record low 9.8 to the US Dollar. This crisis is far from over and we would expect capital controls in 3...2...1...
[5]
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Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/7
[3] http://www.zerohedge.com/taxonomy_vtn/term/11710
[4] http://www.zerohedge.com/news/2014-02-25/ukraine-bonds-re-collapse-russia-warns-faces-high-chance-dfeault
[5] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/02-overflow/20140225_UAH.png