FBI to investigate Ukraine’s stolen gold
Duncan Richardson, News Editor
11 Mar 2014, 12:12 p.m.
FBI agents have flown to the Ukraine to help the interim leaders investigate alleged financial crimes by the previous regime in an attempt to repatriate billions of dollars. According to Ukrainian officials over $20 billion of gold may have been stolen under the previous regime.
Ukraine is cash strapped and needs as much money as possible as it struggles to service its $75 billion of debt. Since the start of 2014 the Ukrainian currency, the hryvnia has lost over 20%.
A team from the International Monetary Fund is currently in process of arranging $15 billion emergency loan for the struggling country.