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But Mitov said an even bigger problem is that Ukraine's financial markets are frozen. He estimated that $5 billion is needed to recapitalize the system.

Capital has been fleeing the country, causing Ukraine's currency, the Hryvnia, to fall 30 percent against the dollar last week alone. Ukraine's central bank has only $9.5 billion in reserves, but has big gas bills and import bills to pay in the coming year. The "financing gap," as it's called, stands at between $10 billion and $15 billion, Mitov said.

While agreeing that Ukraine's economic situation is problematic, Doug Rediker, the chairman of International Capital Strategies and a former member of the board of the IMF, said economic support for Ukraine from outside is likely.

"While the economic situation is clearly off track from expectations and hopes earlier this year, the political will to provide economic support for Ukraine is as firm or greater than it was earlier this year," Rediker said. "A key question: Will the political will to support Ukraine be reflected in financial commitments from governments and institutions to fill those gaps?"

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Mitov added that the country's dire situation has led to speculation that sovereign bond holders may be forced to take losses on money they lent to Ukraine. Mitov said that's unlikely, however, because it wouldn't help Ukraine's immediate financial problems.

Most of Ukraine's foreign debt repayments aren't due for another couple of years, but they have a "serious, acute, lack of cash now," he said.

"You can restructure as much as you want, this won't help in terms of cash flow," he said.

The UN Security Council announced it will meet at 2:30 p.m. Wednesday after NATO said that Russian combat troops entered Ukraine along with tanks, artillery and air defense systems.

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Ukraine economy in 'free fall,' banking group says

THE TRUTH BEHIND THE KNOCKOUT GAME
WHEN TOMMY SOTOMAYOR WAS CRITICAL OF THE KNOCKOUT GAME AL SHARPTON AND TARIQ NASHEED SAID THAT IT WAS A MYTH. TELL THAT TO THE PEOPLE LAID OUT IN THIS ...

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THE TRUTH BEHIND THE KNOCKOUT GAME - Video

Daijiworld Media Network

Kolkata, Nov 13 : Hello and a warm welcome to game four of this 5-match ODI series. India have already sealed their 8th bilateral series win at home against Sri Lanka with comprehensive wins in the first three matches. However, captain Virat Kohli has made it clear that his side is not looking at the margin of victory in the series. Instead, he wants his side to take every game as a knockout game so as to get into the frame of mind to prepare for the all important World Cup.

Pitch Report: 'I think we are in for a good game of cricket. There is a decent covering of grass, there are a few cracks but they aren't moving. This pitch will be good for the batsmen. If they bat well, we are in for a run feast again,' reckon Sunil Gavaskar and Michael Holding.

India have won the toss and have opted to bat

Mathews: 'I wasn't really sure about what to do. Whatever you do, you got to do really well. Ajantha, Dinesh, Lahiru and Eranga are playing. We've got to restrict them to a minimal score and try and chase it down.'

Kohli: 'We are going to have a bat first. Looks like a good surface, the ball might do a bit under lights. Rohit, Karn and Binny are coming in for Dhawan, Ashwin and Ishant. We've got to encouter different situations. Everyone is in good mental space. It's a special ground for me personally, I scored my first international hundred here.'

Teams:

Sri Lanka (Playing XI): Tillakaratne Dilshan, Kushal Janith Perera, Dinesh Chandimal(w), Mahela Jayawardene, Angelo Mathews(c), Lahiru Thirimanne, Thisara Perera, Seekkuge Prasanna, Nuwan Kulasekara, Shaminda Eranga, Ajantha Mendis India (Playing XI): Ajinkya Rahane, Robin Uthappa(w), Ambati Rayudu, Virat Kohli(c), Rohit Sharma, Suresh Raina, Stuart Binny, Akshar Patel, Karn Sharma, Umesh Yadav, Dhawal Kulkarni

Robin Uthappa also makes it to the team, he replaces Wriddhiman Saha. Karn Sharma is making his ODI debut today. Both captains are cutting a cake to mark the celebrations of 150 years of the ground.

Both sides have been revamped for the remainder of the series. Rohit Sharma, Robin Uthappa, Karn Sharma, Kedar Jadhav and Vinay Kumar have replaced Shikhar Dhawan, Wriddhiman Saha, Ravindra Jadeja, Amit Mishra, Ishant Sharma and Murali Vijay. Sri Lanka too have made quite a few changes. Kumar Sangakkara, Upul Tharanga, Suraj Randiv and Dhammika Prasad make way for Lahiru Thirmanne, Dinesh Chandimal, Ajantha Mendis and Shaminda Eranga. For India, it is likely that Rohit and Uthappa will take the field today. It would be interesting to see the playing XIs of both the sides. More about the Sri Lanka on the other hand have been playing some below-par cricket in the series. Skipper Angelo Mathews has said that it is embarrassing to see the way his side is performing against a quality outfit like India. Tillakaratne Dilshan, though he got a fifty in the previous game, isn't looking in the best of touches. Mahela Jayawardene is the only batsman in the current squad, who's been flowing freely. The bowling has looked out of sorts and with the England series, in Sri Lanka, just a few days away they would like to end the series on a high and take some momentum back home with them.

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Live Cricket Score : India Vs Sri Lanka 2014 - 4th ODI

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Obama returns to Myanmar
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