Ukraine: Received first $3.19bn slice of IMF aid

GMT 09:02 2014 Wednesday ,07 May

Arab Today, arab today Ukraine: Received first $3.19bn slice of IMF aid

Arab Today

Ukraine's central bank said Wednesday it had received an initial slice of aid worth $3.19 billion from the International Monetary Fund, as the West seeks to shore up the crisis-hit country. The cash is part of an overall IMF package of $17 billion and Kiev is expected to use the first tranche to pay an outstanding debt to Russia's state-owned gas firm Gazprom, which has threatened to turn off the taps if it does not receive pre-payments this month.

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