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GISMETEO.RU
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Nation    

IMF allows Ukraine to use reserves to pay Russian gas debts
Journal Staff Report

KIEV, Nov. 3 - Ukraine secured an agreement from the International Monetary Fund allowing the country to use its foreign exchange reserves to pay Russian natural gas debts, National Bank of Ukraine Governor Valeria Hontareva said Monday.

Ukraine, whose economy has been destabilized by an ongoing conflict with Moscow-backed pro-Russian separatists in eastern parts of the country, heavily relies on loans from the IMF for bridging its fiscal gap.




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