Home > News > World
Thursday February 20, 2014 MYT 6:35:01 AM
Thursday February 20, 2014 MYT 6:35:49 AM
SAN FRANCISCO (Reuters) - The Ukraine's fundamental problem is that it suffers from an economic crisis and the country should ask the International Monetary Fund for help, U.S. Treasury Secretary Jack Lew said on Wednesday.
"At the core they have an economic crisis and they are going to need to deal with it," Lew told a conference hosted by the World Affairs Council.
"And the mechanism that's best for Ukraine to deal with it would be to come to the IMF and have a package where they put in place economic reforms where they get the support that they need in exchange for the steps to fix their economy," Lew said.
(Reporting by Noel Randewich; Additional reporting by Jason Lange in Washington; Editing by Leslie Adler)
U.S. intensifies sanctions on Russia over Ukraine
U.S. offers conditions for sanctions on Russia to be rolled back
U.N.'s Ban urges Assad to seek political solution to Syria crisis
U.S. sanctions Mexican lawyers linked to Sinaloa drug cartel
Russia faces new U.S., EU sanctions over Ukraine crisis
Murders will make tourists think twice about Thailand - police
Islamic State urges more attacks on Egyptian security forces
Minds focussed by IS, Saudis and Iranians think about making up
Romanian leftist government survives no confidence vote
Thousands of Hong Kong students 'grasp destiny' in demand for democracy
Ukrainians to pull back big guns from front line with separatists
Russia eyes measures to fend off Western Internet threat: Kremlin
Idle in the lap of luxury at the Bulgari Hotel, Bali
Seeds tumble at Wuhan Open but Sharapova survives
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)