Pensions in Ukraine to be halved – sequestration draft
RT | March 6, 2014
The self-proclaimed government in Kiev is reportedly planning to cut pensions by 50 percent as part of unprecedented austerity measures to save Ukraine from default. With an “empty treasury”, reduction of payments might take place in March.
According to the draft document obtained by Kommersant-Ukraine, social payments will be the first to be reduced.
