Ukraine Kicks Off IMF Push as Reserves Dip Below Key Level
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Ukraine will press for a third international bailout in four years this week as the former Soviet republic gears up for $10 billion of debt payments and foreign reserves languish near a two-year low.
Under pressure from a shrinking economy and an energy dispute with Russia’s OAO Gazprom, the government will seek a $15.4 billion loan when an International Monetary Fund mission arrives today in the capital, Kiev. Its last aid package, which ended Dec. 27, was halted for failure to meet the fund’s terms.