27-03-2014 01:41 AM | Ukraine

Ukraine's next casualties could be its farmers

After taking part in protests that toppled President Viktor Yanukovych in February, some Ukrainian farmers rushed back to their land to prepare for spring planting.

The question now is whether they can afford to grow what they plant. A 25 percent decline in the hryvnia currency this year has pushed up the cost of fertilizer and other essentials, while the government’s deteriorating finances are choking off farmers’ access to credit. Russia is adding to farmers’ woes by canceling discounts on fuel it sells to Ukraine—and by annexing Crimea, the site of several Black Sea ports that are important for agricultural exports.
Full Story : Businessweek