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IPFS News Link • Economy - International

Panic in Ukraine Over Food, Empty Stores and Protests; Strategic Food Reserve Empty

• MIKE SHEDLOCK

Hello Mish

We have quite a panic over the collapse of currency. People buy any food product that can be stored. Everyone wants to rid of Hryvnia. We haven't seen anything like this since 1991 when the Soviet Union collapsed. Stores are empty. 

It is hard to say what exchange rate this days, somewhere between 34 and 42 

There were riots in downtown today. A group of protesters was beaten up by police. They marched through downtown and gave a last warning to government officials. Next time they said they will shoot some officials. 

Ukraine is on a brink, but the West is not in a hurry to give us money. Perhaps they want something.  Maybe they know the money will end up with corrupt officials who will steal it.
 


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