Author Topic: IMF throws Ukraine financial lifeline, Russia growth slumps  (Read 132 times)

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Offline flowers

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(Reuters) - Ukraine won a $27-billion international financial lifeline on Thursday, rushed through in the wake of Russia's annexation of Crimea, while Moscow's economy minister acknowledged that his country's growth would slow dramatically as funds flee abroad.

The International Monetary Fund announced a $14-18 billion standby credit for Kiev in return for tough economic reforms that will unlock further aid from the European Union, the United States and other lenders over two years, effectively pulling Kiev closer to Europe.

Raising the political temperature, former prime minister Yulia Tymoshenko, released from jail last month after her arch-rival Viktor Yanukovich fled from power in Kiev, announced she would run again for president in an election on May 25.

The declaration by the flamboyant Tymoshenko, 53, set up a contest with boxer-turned-politician Vitaly Klitschko, who has

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