IMF confirms delay in Ukraine loan due to trade blockade

‘The International Monetary Fund will not approve a new $1 billion loan payment for Ukraine on Monday as scheduled, due to “recent developments” in the country, the IMF confirmed.
In Kiev, Ukraine President Petro Poroshenko slammed as “absolutely irresponsible” the trade blockade imposed on the eastern regions by the country’s politicians, which led to the delayed loan installment for the cash-strapped nation.
“The IMF Executive Board meeting on Ukraine scheduled for Monday, March 20 has been postponed to allow staff time to assess the implications of recent developments for the program,” the fund said in a statement.’
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