Ukraine wins EU rescue package as finance ministry threatens debt restructure

EU will frontload trade liberalisation measures as well as providing cheap finance

José Manuel Barroso

The European Union (EU) today announced a financial aid package for Ukraine worth a total of €11 billion ($15 billion) plus 'frontloading' of trade liberalisation, in an attempt to help the country avoid a sovereign debt crisis precipitated by the political conflict with its neighbour and biggest trading partner, Russia.

The Ukrainian finance minister, Oleksandr Shlapak, this afternoon rowed back on comments he had made earlier in the day saying the country would look to restructure its

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