Ukraine Hopes for $35Bln in Western Aid
Interim finance minister Yuriy Kolobov said in a statement that Kiev has urged the United States and countries in the European Union to decide on a financial rescue plan within two weeks.“The planned volume of macroeconomic assistance for Ukraine could amount to some $35 billion through 2015,” Kolobov said.
He said the current financial situation in Ukraine was difficult but under control.
Olli Rehn, EU Economic Commissioner, said Monday that any proposed bailout deal for the cash-strapped former Soviet state would be measured in billions of euros, the Financial Times reported.
A Western financial aid package for Ukraine is in dire need following the ouster of the country’s president Saturday and a potential withdrawal of Russian economic support.
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