Ukraine’s lawmakers appeared poised to reject a long haggled-over tax overhaul plan today, after a compromise seemed within reach last week. Officials from the IMF warned that if Kyiv was unable to pass the measures, further disbursements from the Fund’s $17.5 billion bailout program could be endangered. The most recent $1.7 billion disbursement is already being held up by the ongoing impasse.In other news, two days after the IMF ruled that Russia’s $3 billion bond to Ukraine was in fact sovereign debt, and that Kyiv must make a “good-faith” effort to renegotiate its terms with Moscow, Prime Minister Arseniy Yatsenyuk …read more
Source: The American Interest
