The conflict in eastern Ukraine is wreaking financial havoc.

The IMF (International Monetary Fund) warns that Ukraine may need $19 billion additional funding if the conflict drags on into 2015.

Ukraine was already in recession when the crisis began last year and now the country is in economic freefall.

CCTV America’s Stephanie Freid reports.

To talk more on Ukraine’s economy, we interviewed Lubomir Mitov, the chief economist from Institute of International Finance.