Russia backed IMF Ukraine loan but thinks Kiev might slip


  • World
  • Wednesday, 14 May 2014

MOSCOW (Reuters) - Russia supported an International Monetary Fund package for Ukraine last week but sees risks of Kiev failing to meet the criteria, Deputy Finance Minister Sergei Storchak said on Tuesday.

The IMF signed off on a $17 billion bailout for Ukraine last week, with tough conditions including steep gas tariff hikes, a floating exchange rate and reducing the budget deficit by about 2 percent of GDP each year from 2014-2016.

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