03:37 GMT +317 October 2019
Listen Live
    A one hryvnia bill

    Ukraine's Economy Poses Increased Risk to Investors - Kremlin

    © Sputnik / Alexandr Demyanchuk
    Get short URL

    Ukraine has become a country with an economy posing increased risk to international investors, Kremlin spokesman Dmitry Peskov said Thursday.

    MOSCOW (Sputnik) — He voiced Moscow's and the international economic community's view that "Ukraine is not currently a country with an attractive investment climate."

    "This is a country with a very dangerous investment environment and, put it this way, an economy with increased risk for investors," Peskov told reporters.

    On Sunday, the executive board of the International Monetary Fund (IMF) delayed the third review of its loan program to Ukraine.

    The delay was caused by the blockade of the war-torn Donbass region by Ukrainian activists as well as the government's decision to suspend transport connections until a full ceasefire in east Ukraine, according to the Ukrainian Finance Ministry.

    In 2015, the fund approved a four-year program of financial aid to Ukraine, which stipulates a $17.5-billion loan to be paid out in installments over the program period and originally open for review on a quarterly basis. The bailout package requires Kiev to implement reforms.

    Ukraine is heavily relying on foreign aid to support its economy and to pay debts amid the ongoing armed conflict with militia in the country's southeast.


    Ukraine to Receive $645Mln EU Aid Soon After IMF Tranche - Poroshenko
    IMF Delaying New Loan to Ukraine Signals Shift in West's Stance Towards Kiev
    IMF Postpones Third Review of Ukrainian Loan Program - Finance Ministry
    High Expectations: Poroshenko Hopes Ukraine Will Get $1Bln From IMF in March
    Ukraine Finance Minister Confirms Agreement Over Next IMF Loan Disbursal
    economy, Dmitry Peskov, Russia, Ukraine
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik