Breaking News

Kiev Needs $35 Billion of Financial Assistance
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Acting Finance Minister Yuriy Kolobov proposed calling an international conference of donors with the EU, the U.S. and other countries. The $35 billion financing package is needed for this year and the following year, the ministry has estimated.

Viktor Yanukovych Ukraine’s ousted President is a wanted man. CNN News has reported that Yanukovych is facing a warrant for the “mass killings” of civilians. He is also missing.

  
What
Where


Acting President Oleksander Turchinov is warning that the Ukraine is close to default and “heading into the abyss”, and according to Reuters, both the United States and European Union said they were looking at how to help Kiev. The country will need $35 billion in foreign aid over the next two years to avert default and the L.A. Times has reported that it has called for an international donors’ conference to craft a rescue plan.

According to Bloomberg news, the Ukraine replaced its central bank chief as it scrambles to fend off default.

The economic and political challenges that Ukraine faces are enormous,” reported chief economist for emerging Europe at the Institute of International Finance, Lubomir Mitov. “To avoid a complete collapse in the coming weeks, Ukraine needs money now,” he said on a phone call with reporters, according to Bloomberg News.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




According to Huffington Post, French Foreign Minister Laurent Fabius, while speaking during a visit to Beijing, said that it would be “desirable” for Russia to offer support for Ukraine.

The European Commission has confirmed that a variety of options for financial assistance are being discussed, according to the Huffington Post. European Commission spokesman Olivier Bailly reported that The EU has been working on an international economic support package for Ukraine for the short, medium and long term.



There has been the deadliest violence in the country since its independence 22 years ago. The State Department has warned U.S. citizens to defer all nonessential travel to Ukraine.

Image Credit: www.veooz.com



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Trust and Estate Attorney

USA-NY-New York City

Boutique trust and estate firm is seeking an attorney with 7+ years of experience. Candidate should ...

Apply Now

Mid-level Litigation Attorney

USA-CA-San Francisco

San Francisco office is seeking a support attorney with some experience/familiarity with a litigatio...

Apply Now

Patent Prosecution Attorney

USA-MI-Northville

Northville office of our client seeks patent prosecution attorney with 5 years of experience. The ca...

Apply Now

Litigation Attorney

USA-NY-White Plains

White Plains office of our client seeks attorney litigation attorney with 2 years of litigation expe...

Apply Now

RELEVANT JOBS

Patent / IP Paralegal

USA-WA-Seattle

Patent / IP Paralegal This is an exciting opportunity to work for one of the top law firms in the...

Apply now

Associate Attorney

USA-TX-Sugar Land

Insurance Defense firm seeks an Associate Attorney with a MINIMUM of 3-5 years\' experience in litig...

Apply now

Litigation Paralegal

USA-TX-San Antonio

Litigation Personal Injury Paralegal We are a busy personal injury law firm, seeking an experienc...

Apply now

Litigation Paralegal

USA-TX-Houston

Litigation Personal Injury Paralegal We are a busy personal injury law firm, seeking an experienc...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top