Ukraine is in a vicious financial crisis. Threatened constantly by Russian military aggression, the country faces a financial meltdown within the next four months. At the end of October, its international reserves fell to $12.6 billion, below the threshold considered critical for solvency. The hryvnia exchange rate is falling exponentially. As a consequence, most of Ukraine’s banks are collapsing. The public debt is skyrocketing and is likely to double to about 80 percent of gross domestic product this year. Inflation is set to rise to 24 percent this year and then surge further.