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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Finnair pauses some Estonia flights due to GPS interference
German prosecutors launch probe into killing of Ukrainian soldiers
NATO chief, on unannounced Kyiv visit, says arms flows to Ukraine will increase
Turkey backs Rutte as next NATO chief, Ankara official says
Bangladesh again shuts schools due to heatwave
Ukraine's Zelenskiy calls for faster arms supplies as NATO chief visits
Greece convicts six and clears 15 over deadly blaze, victims' families protest
Georgia at political crossroads as 'foreign agent' bill draws protests
Indian lawmaker allied with Modi's BJP faces sexual harassment probe
US man charged with sex-related crimes, used Instagram to lure teens

Others Also Read