Posts Tagged 'Russophilia'

Ukrainian President: Enormous IMF Loan Won’t Help Ordinary Ukrainians — Its for War

Ukrainian President Petro Poroshenko has admittedthat a new $17.5 billion loan from the International Monetary Fund and its associated austerity measures will not improve the lives of ordinary Ukrainians—but will help pay foreign creditors and fund the country’s ongoing civil war.

“Life won’t improve shortly,” Poroshenko said in televised comments on March 10, one day before the IMF approved the loan. “If someone understands the reforms as improvement of people’s living, ...

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