Report: IMF Delaying New Loan to Ukraine

On Sunday it was reported that the International Monetary Fund (IMF) postponed the third review of its loan program to Ukraine. According to sources, the decision was surprising and was provoked by a decision by the Ukrainian government to suspend cargo transportation with Donbass areas not controlled by Kiev.

Later, the delay was confirmed by the Ukrainian Finance Ministry.

"The IMF Executive Board postponed for a short period looking into the third review of increased loans to Ukraine, which was planned for Monday," the ministry said in a statement.

The planned meeting was expected to result in the disbursement of a $1 billion loan to Kiev.

The blockade of railway tracks between the Donbass people's republics and Ukraine began in late January by former participants of military operations in Donbass. It has led to disruptions in deliveries of anthracite coal to Kiev-controlled territories. The blockade led to irregularities in supplies of anthracite coal from Donbass, leading to power shortages in Ukraine and prompting Kiev to declare an energy emergency.

There have been a series of reports that Western governments were critical of the blockade and its following legitimization by Poroshenko.

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DONi News Agency

According to: Sputnik News