Ukrainian Prime Minister Arseny Yatseniuk urged the International Monetary Fund on Friday to release the next tranche of a $17 billion loan and bemoaned the heavy cost of fighting a pro-Russian rebellion in the east. Ukraine has complied with conditions for the two-year aid package, which is intended to shore up depleted foreign currency reserves and support the state budget, but the country faces risks due to the eastern conflict, the IMF has said. Ukrainian troops and pro-Russian rebels have been fighting since April in the heavily industrialized regions of Donetsk and Luhansk, which together contributed nearly 17 percent of Ukrainian gross domestic product in 2013. Analysts have said the Ukrainian economy will slide deeper into recession this year, despite the IMF aid deal, as the rebellion cripples activity in the industrial east and scares off foreign investors. Read More http://ift.tt/1pp7nzW
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