Violent clashes and burning tires outside Ukrainian parliament in Kiev (VIDEO)

Violent clashes and burning tires outside Ukrainian parliament in Kiev (VIDEO) | Русская весна

Clashes are reported in central Kiev where crowds of protesters are rallying against the economic crisis and the soaring cost of private loans.

Local media say several people have tried to break into the Ukrainian parliament. The protesters have clashed with police and blocked the entrances to the parliament building.

The so-called "Financial Maidan" crowd is demanding that the parliament approves the law on restructuring private loans in foreign currency, which would convert people's debts into national currency at pre-crisis levels.

The protesters have set fire to car tires and attempted to break into the Parliament building. Riot police have so far been able to hold them back.

Several activists however reported to get into the building, spreading banners with their demands and shouting in approval of those deputies that voted for the restructuring bill.

Earlier, the Parliament failed to approve the second reading of the law that would allow loan-takers to pay their loans back in hryvnas, at a rate of about 5 hryvnas to the dollar. The current exchange rate is about 20 hryvnas to the dollar, as Ukraine faces a deep financial crisis. The bill will now go though one more reading in the Parliament.

The "Financial Maidan" movement has been active for several months in Kiev, with demonstrations near the Parliament and the National Bank. Their demands include refunds for those with deposits in banks hit worst by the crisis. They also demand resignation of the country's Prime Minister Arseny Yatsenyuk and Finance Minister Natalya Yaresko. At least 11 "Financial Maidan" activists were into their fourth day of a hunger strike next to the Parliament building Thursday. One of them has been taken to hospital.

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