Ukraine

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Ukraine Warns On Debt Haircuts

Ukraine has warned debtholders including Russia that they should prepare to lose money as the war-ravaged country seeks to stave off a default, the Financial Times reported. Natalie Jaresko, Ukraine’s finance minister, made the comments to investors ...

Daily Headline - global.abi.org - 03/15/2015 - 21:20 - 0 comments

Ukraine Bailout Based on Cease-Fire with Russia-Backed Separatists Holding

The International Monetary Fund’s bailout of Ukraine is based on a fragile cease-fire holding between Kiev and Russia-backed separatists in the east, IMF officials said Thursday, The Wall Street Journal reported. The IMF’s assumption of a “non-intens ...

Daily Headline - global.abi.org - 03/12/2015 - 22:53 - 0 comments

IMF Approves Bigger Ukraine Bailout

The International Monetary Fund on Wednesday approved a bigger, high-risk bailout for Ukraine, giving Kiev immediate access to $5 billion of $17.5 billion in emergency IMF credit in another bid to keep the embattled country afloat, The Wall Street Jour ...

Daily Headline - global.abi.org - 03/11/2015 - 22:24 - 0 comments

Ukraine Withdraws Weapons Amid Debt Restructuring Moves

Ukraine pledged to remove heavy weapons from conflict-hit eastern areas as public finances ruined by the war made it necessary to start restructuring public debt, Bloomberg News reported. The truce agreed in Minsk last month has largely held, with some s ...

Daily Headline - global.abi.org - 03/05/2015 - 00:11 - 0 comments

Ukraine Central Bank Raises Key Rate to 30%

The central bank pushed lending rates even higher Tuesday in an attempt to stabilize Ukraine’s beleaguered currency and hold its financial system together until promised international loans arrive later this month, The Wall Street Journal reported. T ...

Daily Headline - global.abi.org - 03/03/2015 - 22:35 - 0 comments

Ukraine’s Economy: The Day Of Reckoning

It may go down as one of the least effective bail-outs the world has ever seen. Not Greece’s, but Ukraine’s, The Economist reported. Just two weeks ago Christine Lagarde, the head of the International Monetary Fund (IMF), promised Ukraine $40 billion ...

Daily Headline - global.abi.org - 02/26/2015 - 21:57 - 0 comments

Ukraine’s Central Bank Limits Access to Foreign Currency

Ukraine’s economic woes deepened Wednesday as its central bank drastically limited access to foreign currency in an effort to halt the hryvnia’s free fall, and Russia threatened to halt natural-gas deliveries, The Wall Street Journal reported. The hr ...

Daily Headline - global.abi.org - 02/25/2015 - 22:04 - 0 comments

Ukraine Hopes to Get $10.8 Billion in IMF Aid in 2015

Ukraine hopes to get as much as $10.8 billion from the International Monetary Fund in 2015 and save up to $15 billion over the next four years from a planned restructuring of its foreign debt, the crisis-hit country’s Finance Minister Natalie Jaresko sai ...

Daily Headline - global.abi.org - 02/17/2015 - 23:53 - 0 comments

Ukraine’s $40 Billion Aid Plan Opens Path for Debt Restructuring

Ukraine’s $40 billion international bailout plan and cease-fire agreement are paving the way for the government to start debt restructuring talks with creditors, Bloomberg News reported. The International Monetary Fund-led package comprises of some $27 b ...

Daily Headline - global.abi.org - 02/12/2015 - 23:21 - 0 comments

Schäuble Urges Ukraine to Start Talks With Creditors

Germany’s finance minister said on Tuesday that Ukraine should start negotiations with its creditors on how to restructure its debts as part of a wider plan to stabilize the conflict-ridden country, The Wall Street Journal reported. Efforts by the in ...

Daily Headline - global.abi.org - 01/27/2015 - 23:03 - 0 comments

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