- The U.S. and the EU have been working on a multi-billion-dollar IMF aid package for Ukraine following the ouster of President Viktor Yanukovych over the weekend.
- The White House has asked Russia to join the effort, with the aim being to ease tensions between East and West over Ukraine. Russia's $15B aid package for the country is on hold, while it has recalled its ambassador to Kiev for consultations.
- The EU is happy to help, but wants Ukraine to overhaul its economy in return for assistance.
- The moves to shore up the country come after S&P last week cut its credit rating to CCC and said it risks default.
- ETFs: GUR, ESR
at Zacks.com (Dec 10, 2014)