Ukraine’s central bank head Kubiv says
- Russia’s incursions in eastern Ukraine create macroeconomic risks for country
- Kiev will pay Russia $386 per 1,000 cubic meters of gas, previous discounted price
- 2014 inflation to hit double digits, to fall to 3 pct to 5 pct after 2015
- Kiev will honor all outstanding debt obligations, will have enough resources to pay debts
- central bank to shift to full inflation targeting within 12 months
- has been in dialogue with Russian monetary authorities, Ukrainian banks also talking with Russian counterparts
- says Ukraine needs healthier banking system, reduced number of banks from current 181 banks
Headlines via Reuters
