The facts are frightening. In 2009, Ukraine’s GDP is expected to decline by 8 percent. Iron and aluminium exports, pillars of the national economy, are in free fall, the banking system is on the brink of collapse, and like Iceland and Latvia, the government has already requested help from the International Monetary Fund. In a nutshell, Ukraine is collapsing. Get the full story...

Former heavyweight WBC Champion of the World Vitali Klitschko has voiced his intention to run for the post of mayor of the Ukrainian capital for the second time, a local newspaper reported Saturday.

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