EU says Ukraine needs $15 billion, has limited ability to help


  • World
  • Wednesday, 17 Dec 2014

BRUSSELS (Reuters) - The International Monetary Fund estimates Ukraine needs another $15 billion (9.55 billion pounds) in financing to withstand an economic crisis but the European Union has only limited capacity to help, European Commission President Jean-Claude Juncker said on Wednesday.

"Ukraine will need more help. The assessment of Ukraine's financing gap has been completed by the IMF. Ukraine will need $15 billion in addition to what is already planned," he told the European Parliament in Strasbourg.

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