Ukraine to resume cooperation with IMF when consensus with Russia reached.

By bne IntelliNews January 12, 2012
The government plans to resume cooperation with IMF when consensus with Russia reached, vice PM Serhiy Tihipko said. Ukraine could not agree with the IMF on revising the program of cooperation and allocation of a new tranche of the loan before the question of lowering the price of gas is agreed with Russia. The IMF in July 2010 approved the stand-by cooperation program for more than USD 15.5bn, and in 2011 it was ready to provide Kyiv quarterly with USD 1.5bn to support reforms.

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