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Amid Political Turmoil, Ukrainian Institutions Battered but Still Banking
By Bennett Voyles
printThe first line of the Ukrainian national anthem could well apply to the battered nation's banks these days: "Ukraine is not dead yet." On a day marked by fanfare celebrating Russia's annexation of the Crimea, violence by separatists continued in Ukraine's eastern and southern regions as concerns mounted that an upcoming presidential election and controversial secession vote will push the nation into war. Amid it all, Ukrainian banks have been trying to get back to business as usual. Bank Vostok of Odessa, for example, stayed open this week with little change in its ability to process international wires despite violence...
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