Ukraine said on Monday that it needed $35bn in aid over the next two years, including urgent loans within two weeks, but the international community seemed unlikely to start talks on a big rescue package before elections in May.
Yuriy Kolobov, Ukraine’s acting finance minister, said Kiev would pursue the short-term loans from individual countries, singling out the US and Poland as potential lenders.
In his statement, Mr Kolobov attempted to present an optimistic picture of Ukrainian finances, saying: “The situation in the financial sector as a whole is difficult, but controllable”.But Radoslaw Sikorski, Polish foreign minister, said that Ukraine should look to the International Monetary Fund for assistance.
Visit Financial Times to read the full article.
Author
-
Julianne Smith
Former Adjunct Senior Fellow, Transatlantic Security Program
Julianne (“Julie”) Smith is a contributing editor to Foreign Policy, where she coedits “Shadow Government.” She is also a senior advisor at WestExec Advisors, an adjunct senio...
