IMF Meeting on $1bn Ukraine Tranche Postponed After Trade Blockade
The meeting on the IMF’s new loan to Ukraine has been postponed following Kiev’s decision to legalize a trade blockade on rebel-held parts of the country. The decision is expected to hurt Ukraine’s already ailing economy.
The International Monetary Fund (IMF) Executive Board was expected to discuss a new $1 billion tranche to Kiev on Monday, but the event has disappeared from the calendar.
The Ukrainian Finance Ministry said the meeting was pushed back “for a short period of time” to recalculate the economic effects of the ongoing trade row, which it blamed on the rebels.
The statement said Ukraine “took measures in response to the blockade and the alienation of the Ukrainian businesses in the territories not controlled” by Kiev.