Thousands storm government building in Lugansk, Ukraine
Anti-Kiev activists Tuesday stormed and captured a regional administration building in the eastern city of Lugansk, Ukraine. Thousands surrounded the building and forced their way inside through...
By: RT America
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Thousands storm government building in Lugansk, Ukraine - Video
Bodies surface along river in Ukraine
As the crisis in Ukraine continues, a river outside Slavyansk has become a bearer of bad news. Nick Paton Walsh reports.
By: B.W.N
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Bodies surface along river in Ukraine - Video
Pro-Russian armed men walk near the local police headquarters in Luhansk, eastern Ukraine(Reuters)
Ukraine's economy contracted by 1% in the first quarter of 2014, compared with the same period last year, according to the country's Economy ministry.
Deputy Economy minister Anatoliy Maksyuta said the first quarter results were a pleasant surprise.
"The first quarter result is better than we expected," he said.
"It will be roughly minus 1%, according to our estimates," he added.
The drop is a better result for the first three months of the year than many analysts predicted. A poll conducted by Reuters had forecast Ukraine's GDP to drop 2.8% in the first quarter, compared to a 1.2% contraction during the same period in 2013.
The World Bank forecast earlier this month predicted that Ukraine's GDP could rise by as much as 3% next year, if the new government undertakes structural reforms and shores up its wobbly public finances.
"If the measures are taken to provide macroeconomic stabilisation together with structural reforms, GDP will grow 3% in 2015," said World Bank analyst Anastasia Holovach, on April 4.
Ukraine is seeking to finalise an aid package with the International Monetary Fund in the coming week, which could see an injection of between $14bn - $18bn.
The fall in Ukraine's gross domestic product mirrors the political turmoil gripping the country. The country's former pro-Russian president Viktor Yanukovych fled to Russia in February, following months of street protests that originated in the capital Kiev, but spread throughout Ukraine.
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Ukraine Economy Wounded as First Quarter GDP Shrinks
Ron Paul: #39;Ukraine is not our business #39;
US politician Ron Paul, the so-called Godfather of the Tea Party movement, says "Ukraine is not our business".Sign up for Snowmail, your daily preview of what is on Channel 4 News, sent straight...
By: Channel 4 News
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Ron Paul: 'Ukraine is not our business' - Video
Mark Dubowitz on efforts to counter Russia #39;s actions in Ukraine (America #39;s Newsroom/FNC)
FDD #39;s Mark Dubowitz discusses options for pressuring Russia to stop its move on Ukraine.
By: Foundation for Defense of Democracies
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Mark Dubowitz on efforts to counter Russia's actions in Ukraine (America's Newsroom/FNC) - Video