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West Scrambles To Save Ukraine From Economic Collapse

Oleksandr Turchynov has warned that Kiev will have no alternative but to default on $13 billion in foreign obligations if the West fails to come to the aid of the economically-struggling country.
West Scrambles To Save Ukraine From Economic Collapse

Via AFP:

World powers sought to ease tensions over Ukraine Tuesday as the country's interim authorities grappled with the threat of economic collapse and separatism after the dramatic ouster of pro-Moscow president Viktor Yanukovych.

Russia softened its angry tone over the sudden, weekend regime change in Ukraine, while senior EU and US diplomats visited the ex-Soviet country that Yanukovych had tried to steer towards Moscow but whose new leaders have tilted firmly towards the West.

Frantic talks took place between US, European and Russian diplomats as Ukraine appealed for $35 billion (25 billi...

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