Ukraine

Results for Ukraine

Without Reforms Ukraine To Default In 2014

Kiev must impose tough reforms and austerity, otherwise even with billions of dollars of aid Ukraine will default in 2014, the coup-imposed Prime Minister Arseniy Yatsenyuk warns. It comes after the IMF agreed a bailout package worth up to $18 billion, R ...

Daily Headline - global.abi.org - 03/27/2014 - 22:11 - 0 comments

IMF Rushes Through $15 Billion Ukraine Bailout

The International Monetary Fund is expected to announce a rescue package for Ukraine of about $15bn as early as Thursday in hopes that the initial aid payments could be made by the end of April, according to officials involved in the negotiations, the ...

Daily Headline - global.abi.org - 03/26/2014 - 20:50 - 0 comments

Canadian Sanctions Target Former Ukrainian Government Officials

The Office of the Superintendent of Financial Institutions (OSFI) has issued a notice dated March 5, 2014, directing banks, trust companies, insurers and other federally regulated financial institutions (FRFIs) to immediately freeze assets of the former ...

Resource Article - twallace@abiwor... - 03/24/2014 - 17:27 - 0 comments - 1 attachment

What Could Cause a Ukraine Default?

Ukraine’s economic and political crisis may be heating up, but Kiev still has enough emergency cash reserves to cover its obligations for the next two months, The Wall Street Journal Real Time Economics blog reported. But what would it take to push t ...

Daily Headline - global.abi.org - 03/03/2014 - 22:42 - 0 comments

Russia Gas Threat Shows Putin Using Pipelines to Press Ukraine

OAO Gazprom’s threat to end natural gas discounts for Ukraine adds to the financial burden on the near-bankrupt government in Kiev and makes Europe’s energy supply part of the escalating crisis, Bloomberg News reported. Russia’s gas-export monopoly said ...

Daily Headline - global.abi.org - 03/02/2014 - 19:19 - 0 comments

Ukraine Requests Financial Support From IMF

Ukrainian officials today notified the International Monetary Fund of the country’s request for financial support, IMF managing director Christine Lagarde said in a statement, the Irish Times reported. “We are ready to respond and, in the coming days ...

Daily Headline - global.abi.org - 02/27/2014 - 22:31 - 0 comments

Ukraine Vows to Protect Bank Deposits as Government Vote Delayed

Ukraine is weighing measures to stem cash withdrawals after as much as 7 percent of deposits were taken from banks during last week’s bloody uprising, underscoring the need for action to fend off a default, Bloomberg News reported. Withdrawals peaked wit ...

Daily Headline - global.abi.org - 02/25/2014 - 22:39 - 0 comments

Russian Finance Official Says Ukraine May Default On Eurobond Tranche

There is a small risk that Ukraine may default on $3 billion in Eurobonds that Russia recently acquired, Russia's Deputy Finance Minister Sergei Storchak said on Tuesday. "We probably have risks, but not so big ones," he said. "It ...

Daily Headline - global.abi.org - 02/25/2014 - 22:39 - 0 comments

Poland Worries About Ukraine Funds

Poland’s prime minister said Tuesday he’s concerned that if given money now Ukraine would use it to pay the debts it owes to Russia rather than to initiate reforms as it seeks to build a new system of government, The Wall Street Journal Emerging Euro ...

Daily Headline - global.abi.org - 02/25/2014 - 22:40 - 0 comments

Ukraine Interim Leader Warns of Economic Danger

Ukrainian parliament Speaker Oleksandr Turchynov, handed presidential powers as lawmakers prepare to form a coalition government, warned that the economy was in a “pre-default situation,” Bloomberg News reported. Lawmakers in Kiev worked on reshaping gov ...

Daily Headline - global.abi.org - 02/23/2014 - 23:17 - 0 comments

Syndicate content