Ukraine Slides Into ‘Staggering’ Poverty

‘Two years after the US-backed Maidan revolution, Ukraine is worse off than it was before – the country is sliding into poverty, Germany’s daily newspaper Junge Welt reported, describing the life of ordinary Ukrainians as “staggering.”

“Since the end of the Yanukovych era, the average income has decreased by 50 percent,” the media outlet noted.

In addition, consumers in Ukraine have lost half of their purchasing power. Inflation reached 25 percent in 2014 and spiked to 44 percent last year, according to the data released by Ukraine’s Central Bank in late December.’

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