February 27, 2014

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

By 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.

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  • Julianne Smith

    Senior Fellow and Director, Transatlantic Security Program

    Julianne (“Julie”) Smith is Senior Fellow and Director of the Transatlantic Security Program at the Center for a New American Security. She is a contributing editor to Fo...