IMF says Ukraine needs modified bailout if it loses the east


  • World
  • Thursday, 01 May 2014

WASHINGTON (Reuters) - Ukraine's loss of its territory in the east would force the International Monetary Fund to re-design its $17 billion bailout of the country, and would require additional financing, the Fund warned on Thursday.

The IMF also said a deterioration in relations between Ukraine and Russia, which buys a quarter of Kiev's exports, could further hurt Ukraine's economy and also force an adjustment to its bailout, approved by the IMF board on Wednesday.

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