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Ukraine Sees $7 Billion IMF Funding This Year

Ukraine will probably receive $7 billion in International Monetary Fund financing this year to support the state budget and central bank reserves, Finance Minister Oleksandr Shlapak said.

The east European nation is also seeking further funding from the Group of Seven countries, Shlapak said an interview in Washington yesterday. Of the group’s members, Canada has pledged $200 million and the U.S. has also responded, he said.