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Ukraine Receives Additional Aid As Tensions Rise
WASHINGTON — Tensions are rising in Ukraine even as assurances of international aid to stabilize1 the country’s battered2 economy have started pouring in. Despite the promise of financial help, the ongoing3 conflict between Ukraine and Russia has only deepened the economic slump4 in both countries. Investors5 say the economic uncertainty6 extends beyond Russia and Ukraine’s borders.
Near Ukraine's eastern border, pro-Russian separatists barricade7 a bridge, while just 60 kilometers south, Russian supporters storm another government building.
Overhead, choppers carrying Ukrainian special forces keep watch, wary8 that any action could tip the conflict into a dangerous new phase.
The threat of civil war in Ukraine is enough to give investors heartburn.
“Believing is not the same as knowing, but I am afraid the situation is going to get worse and that we will have to put up with very cautious markets for the next couple of weeks at least,” said Fidel Helmer, a market strategist for Hauck and Aufhaeuser bank.
Tensions in Ukraine have overshadowed generally positive earnings9 reports - creating volatility10 in global markets from Asia to the United States.
But amid the geo-political uncertainty, strategist Stephen Wood at Russell Investments said, financial markets have shown remarkable11 restraint.
“Given all the information that’s been priced in: the earnings cycle, the revenue cycle, what’s happening in Ukraine, emerging markets, potential issues coming out of Washington, so given all that volatility… markets are kind of flat-ish year to date, which speaks to me of being a little more resilient than the headlines might insinuate," said Wood.
With Ukraine's economy near collapse12, the United States on Monday announced a one billion dollar loan guarantee for Ukraine, adding to an International Monetary13 Fund rescue package worth up to 27 billion dollars, said Treasury14 Secretary Jack15 Lew.
“With this loan guarantee agreement, the Ukrainian government is empowered to take steps to gain access to low cost financing from international capital markets and help to ease Ukraine’s economic transition,” said Lew.
Meanwhile, Europe is still in talks aimed at further isolating16 Russia.
With the ruble already at its lowest level in nearly five years, economist17 Lilit Gevorgyan at IHS Global Insight said Moscow should take heed18.
“I have to say that perhaps in the short term, they can take more hits. But in the medium to long term, Russia is going to suffer from this confrontation19,” said Gevorgyan.
But in this confrontation, analysts20 say any actions that significantly hurt Russia’s economy are bound to hurt its trading partners, including Europe. Russia currently supplies 30 percent of Europe's natural gas, much of it piped in through Ukraine.
1 stabilize | |
vt.(使)稳定,使稳固,使稳定平衡;vi.稳定 | |
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2 battered | |
adj.磨损的;v.连续猛击;磨损 | |
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3 ongoing | |
adj.进行中的,前进的 | |
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4 slump | |
n.暴跌,意气消沉,(土地)下沉;vi.猛然掉落,坍塌,大幅度下跌 | |
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5 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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6 uncertainty | |
n.易变,靠不住,不确知,不确定的事物 | |
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7 barricade | |
n.路障,栅栏,障碍;vt.设路障挡住 | |
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8 wary | |
adj.谨慎的,机警的,小心的 | |
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9 earnings | |
n.工资收人;利润,利益,所得 | |
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10 volatility | |
n.挥发性,挥发度,轻快,(性格)反复无常 | |
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11 remarkable | |
adj.显著的,异常的,非凡的,值得注意的 | |
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12 collapse | |
vi.累倒;昏倒;倒塌;塌陷 | |
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13 monetary | |
adj.货币的,钱的;通货的;金融的;财政的 | |
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14 treasury | |
n.宝库;国库,金库;文库 | |
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15 jack | |
n.插座,千斤顶,男人;v.抬起,提醒,扛举;n.(Jake)杰克 | |
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16 isolating | |
adj.孤立的,绝缘的v.使隔离( isolate的现在分词 );将…剔出(以便看清和单独处理);使(某物质、细胞等)分离;使离析 | |
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17 economist | |
n.经济学家,经济专家,节俭的人 | |
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18 heed | |
v.注意,留意;n.注意,留心 | |
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19 confrontation | |
n.对抗,对峙,冲突 | |
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20 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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