Ukraine conflict is draining economy, hampering reforms - PM Yatseniuk


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.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Le Pen lawyers tell French appeals court she did not intend to do wrong
Russia lacks equipment to safely restart Zaporizhzhia nuclear plant, Ukraine says
In Mexico, at least 28 have died from measles outbreak that started 2025
Rain further batters storm-hit Portugal, thousands evacuated
French government alerts prosecutor to diplomat with Epstein ties
Russia to fly its tourists out of Cuba and then suspend airline operations due to fuel crisis
Czech ammunition scheme for Kyiv faces funding shortfalls - NATO official
Trump privately weighs quitting USMCA trade pact he negotiated, Bloomberg News reports
Gunman who fired shots in Thai school detained after wounding teacher and girl
Autopsies show migrants in shipwreck off Greece died of head injuries, not drowning

Others Also Read