IMF frees up $2bn for Ukraine

Article reports that the International Monetary Fund gave the green light to Ukraine on the 30 December 2009 to lower its minimum international reserve requirement, freeing up $2bn from central bank coffers to pay Russian natural gas bills and keep the cash-crunched country financially-afloat ahead of a hotly contested presidential election.

ESO: Background information: Ukraine: Presidential Election 2010 http://www.europeansources.info/record/ukraine-presidential-election-2010/

ESO: Background information: Ukraine appeals to IMF for $2bn loan http://www.europeansources.info/record/ukraine-appeals-to-imf-for-2bn-loan/

ESO: Background information: Kiev infighting sours presidential race http://www.europeansources.info/record/kiev-infighting-sours-presidential-race/

ESO: Background information: Gazprom gives Ukraine more time to pay http://www.europeansources.info/record/gazprom-gives-ukraine-more-time-to-pay/

IMF: Ukraine and the IMF http://www.imf.org/external/country/UKR/index.htm

France24, 29.12.09: Russia agrees to higher oil transit fees with Ukraine's Naftogaz http://www.france24.com/en/20091229-russia-ukraine-agreement-oil-transit-naftogaz-raise-tariffs-30-percent

ITAR-TASS, 31.12.09: Putin hopes Russia and Ukraine continue work on joint projects in 2010 http://www.itar-tass.com/en/

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