Ukraine seeking $15 billion IMF loan, NBU governor says

Supreme court backs central bank against oligarch in bitter dispute over banking clean-up

Kyrylo Shevchenko
NBU governor Kyrylo Shevchenko
Photo: National Bank of Ukraine

Ukraine’s central bank governor said the country will seek International Monetary Fund aid worth $15billion to $20 billion.

National Bank of Ukraine governor Kyrylo Shevchenko’s move comes after well-placed observers in Kyiv said lack of external financing was threatening the country’s financial stability. In another development, Ukraine’s highest court ruled in favour of the central bank over its handling of the country’s largest lender.

Shevchenko also hopes to arrange a currency swap line

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