Thanks to relentless prodding from the IMF, Ukraine seems poised to finally carry out the reforms of its energy sector that it has spent years chasing. Those changes, passed last week by Ukraine’s parliament, promise to do as much as anything else to help salvage Ukraine’s battered economy and help break Russia’s stranglehold over its energy and political life.
Now that Kiev has started swallowing the bitter medicine the West has spent years urging, the IMF is widely expected to greenlight on Wednesday, March 11, a four-year, $17.5 billion bailout of Ukraine. Coupled with relief from international bondholders and loan packages …read more
Source: Foreign Policy
