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Ukraine To Get Up To $10 Billion In Foreign Aid In 2016

Ukraine's finance minister says the cash-strapped country expects to receive up to $10 billion from foreign sources this year, including the International Monetary Fund (IMF).

Natalie Jaresko was quoted by Ukrainian media as making the statement during a cabinet meeting on January 26.

"If we are focused on our program of reforms, then including the IMF and other bilateral and multilateral sources, it will be up to $10 billion," Ukrainian state news agency Ukrinform quoted Jaresko as saying.

The IMF plans to extend at least $1.7 billion in credit to Ukraine next month for the country to replenish its gold reserves, Ukrinform reported.

Ukraine is using international loans and financial aid to stave off bankruptcy as the country struggles to bring its economy out of Russia's direct influence and quell a pro-Russia separatist rebellion in the east of the country.

Based on reporting by dpa

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