February 27, 2014

Ukraine’s interim government asks for $35bn in loans

Featuring Julianne Smith

Source: Financial Times

Ukraine said on Monday that it needed $35bn in aid over the next two years, including urgent loans within two weeks, but the international community seemed unlikely to start talks on a big rescue package before elections in May.

Yuriy Kolobov, Ukraine’s acting finance minister, said Kiev would pursue the short-term loans from individual countries, singling out the US and Poland as potential lenders.

In his statement, Mr Kolobov attempted to present an optimistic picture of Ukrainian finances, saying: “The situation in the financial sector as a whole is difficult, but controllable”.But Radoslaw Sikorski, Polish foreign minister, said that Ukraine should look to the International Monetary Fund for assistance.

Visit Financial Times to read the full article. 


  • Julianne Smith

    Former Adjunct Senior Fellow, Transatlantic Security Program

    Julianne (“Julie”) Smith is a contributing editor to Foreign Policy, where she coedits “Shadow Government.” She is also a senior advisor at WestExec Advisors, an adjunct senio...