A brutal combination of war and currency devaluation has pushed Ukraine to the brink of insolvency. Its debts, denominated largely in dollars, hover around 100 percent of gross domestic product, up from about 40 percent a year ago. Principal and interest due over the next three years exceed $27 billion, equivalent to more than a quarter of government expenditure. Only swift and radical debt relief can help the country out of its economic quagmire. Read more at http://www.bloombergview.com
