Russia is trying to block the next IMF tranche to Ukraine, - Bloomberg
Russia is exploring various strategies to try to block the next payment of an International Monetary Fund loan to Ukraine in connection with Kyiv's $3 billion debt to Moscow, the publication writes today. Bloomberg.
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The agency reports that in order to receive a loan, borrowing countries must demonstrate to the IMF that they do not have interstate agreements, which will be repaid from the loan provided by the fund.
As you know, especially for Ukraine, the IMF is considering a revision of its policy, which prohibits giving loans to borrowers with public debts.
Such a decision could be pushed through by the United States, Bloomberg predicts.
Russia, as a country investing its budget money into the fund, will vote against it, but “will probably not find support among other member countries of the Executive Council, even supposed allies such as China will not block the loan program to Ukraine,” Andrea said Montanino, member of the Foundation's Executive Board from 2012 to 2014.
“Russia's protests over the $3 billion loan are unlikely to be heard by the IMF,” said Anders Aslund, a senior fellow at the Atlantic Council in Washington.
According to Aslund, however, this is not the main problem in Ukraine obtaining a new loan.
The biggest obstacle is the Verkhovna Rada’s resistance to expanding the list of taxes required by the IMF.
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