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 Ukrainian Politics, Economics
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 Ukraine needs more bailout financing than currently promised - Ukrainian Finance Minister

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Ukraine needs more bailout financing than currently promised to help jump-start the embattled nation’s economy, Finance Minister Natalie Jaresko said.

"The package that we have is going to stabilize the financial banking system, but it's not enough to seriously restart growth and promote growth," Ms. Jaresko said in an interview to the Wall Street Journal after meetings with U.S. Treasury Secretary Jacob Lew, Censor.NET reports.

"I'm looking for more support," she added.

Read also: Poroshenko hopes to receive 500 million euro bailout from Germany by April

According to the Wall Street Journal, in meetings with senior U.S. Treasury, State Department and White House officials and lawmakers, Ms. Jaresko this week is making the case that backing Ukraine will pay geopolitical dividends.

"No one is paying more to protect the world from a nuclear power that is an aggressor" than Ukraine, the finance minister said, referring to Russia. "If, for whatever reason, one of our partners is not willing to come up with, or not able to come up with defensive military support, then provide us with financial support."

The IMF last week approved a $17.5 billion emergency loan as part of a larger $40 billion international financial package designed to keep the country afloat as Kyiv's pro-West government overhauls its creaking economy and contends with Russian-backed separatists in the east. Ukraine has already received the first $5 billion tranche.

Read also: United States and Europe need common strategy in the event of Russia's attack on Mariupol - The New York Times

 
 
 
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