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IMF warns Ukraine war is burning through cash


IMF warns Ukraine war is burning through cash


War is bad for Ukraine, and the IMF agrees. It said on Tuesday the country might need as much as 14.5 billion euros more in financial aid if fighting goes on into 2015

That is some two billion euros more than first allocated, and even the existing sum agreed will not meet all of Ukraine’s targets while fighting and a gas dispute with Russia continue.

The latest IMF report on Ukraine paints a black picture. It notes the two regions most likely to break away accounted for 23 percent of Ukraine’s industrial production while Donetsk and Luhansk also accounted for 14.5 percent of retail trade in the first quarter.

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