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Bloomberg: Ukraine considers seeking new IMF aid next year, Yanukovych says

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June 13, 2012, 9:20 a.m. |

Ukraine is considering seeking a new aid package from the International Monetary Fund in 2013 after the expiration of its existing $15.6 billion bailout, which has been frozen since last March, President Viktor Yanukovych said.
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Ukraine is considering seeking a new aid package from the International Monetary Fund in 2013 after the expiration of its existing $15.6 billion bailout, which has been frozen since last March, President Viktor Yanukovych said.

The IMF program is a “barometer” that shows the former Soviet republic where it has problems and where “everything is fine,” Yanukovych said on June 12. Disbursements to Ukraine were halted because the government failed to raise household utility tariffs, a move the Washington-based lender has sought to trim losses at state-controlled energy company NAK Naftogaz Ukrainy.

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