Ukraine conflict is draining economy, hampering reforms - PM Yatseniuk


  • World
  • Wednesday, 20 Aug 2014

Ukrainian Prime Minister Arseny Yatseniuk delivers a speech in Kiev, August 8, 2014. REUTERS/Andrew Kravchenko/Pool

KIEV (Reuters) - Ukraine's conflict with separatist rebels is draining the economy by the day and hampering efforts to implement reforms as required by an IMF bailout programme, Prime Minister Arseny Yatseniuk said on Wednesday.

According to the terms of a $17 billion International Monetary Fund loan package, Ukraine must implement set reforms, but the country, which is virtually bankrupt and running wide external deficits, has had to divert substantial funds in its fight to contain the pro-Russia insurgency.

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