Ukraine says the International Monetary Fund (IMF) has postponed a review of the disbursement of a new $1 billion loan following Kyiv's imposition of a trade embargo on areas controlled by Russia-backed separatists in the east of the country.
The Ukrainian Finance Ministry and the Central Bank said on March 19 that the IMF board had postponed "for a short period" the review planned for the following day, saying the impact of the embargo must first be assessed.
"Updated macroeconomic forecasts are to be provided to the IMF," the Central Bank said in a statement.
Reuters cited an IMF e-mail as saying that the board meeting was delayed in order "to allow staff time to assess the implications of recent developments for the program. Staff expect to announce a new date soon."
Kyiv on March 15 announced the suspension of all cargo traffic with separatist-held areas of eastern Ukraine, prompting Russia's warning to cancel the measure to avoid a "humanitarian catastrophe."
The $1 billion loan was to be the next installment of a $17.5 billion IMF package, which has been hit by repeated delays over Kyiv's inconsistent record on reforms.
RFE/RL has been declared an "undesirable organization" by the Russian government.
If you are in Russia or the Russia-controlled parts of Ukraine and hold a Russian passport or are a stateless person residing permanently in Russia or the Russia-controlled parts of Ukraine, please note that you could face fines or imprisonment for sharing, liking, commenting on, or saving our content, or for contacting us.
To find out more, click here.
Editors' Picks
Top Trending
1
With ATACMS In Hand, Ukraine Looks To Neutralize Putin's Fortress In Crimea
2Some 400 Naturalized Russians Stripped Of Citizenship Under New Law
3Austin Calls On Countries That Have Patriot Air Defense Systems To Transfer Them To Ukraine
4Eyewitnesses Say Georgian Police Used Rubber Bullets In Crackdown On Protesters
5Kadyrov Appoints Son, 16, As Supervisor Of Special Forces School In Chechnya
6U.S. Weapons Are Coming To Ukraine. But Russian Forces Have The Momentum.
7Russia Breached Global Chemical Weapons Ban In Ukraine War, U.S. Says
8Duchess Sophie Visits Ukraine In First Trip By British Royal Since Start Of War
9As Telegram's Popularity Soars, Is It 'A Spy In Every Ukrainian's Pocket'?
10Live Briefing: Russia Invades Ukraine
Subscribe