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You're reading: Bloomberg: Ukraine captive to Soviet era after lending collapse

Olesya Myhal, a 28-year-old public- relations executive who lives in a cramped Kiev apartment with her husband, is also being squeezed in other ways. Ukraine’s weakening currency inflated the principle of the couple’s 20-year dollar mortgage, while high prices and loan rates are preventing them from moving up the property ladder. Higher mortgage payments mean they can’t afford to modernize their 58 square-meter (624 square-foot) Soviet-era home.

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