With billions of dollars of foreign aid coming its way, Ukraine's government can now stay afloat – for the time being. However, it now relies on the cash-strapped West to turn around its tattered economy, rebuild what has been destroyed, and restructure what remains. Critics question how long this can last and if the aid to Ukraine just plays into Russia’s hands - especially when Ukraine’s finance minister says the IMF’s billions is not enough.

THE INTERNATIONAL Monetary Fund has announced the release of a desperately needed financial aid package for Ukraine totalling US$17.5 billion over four years.

With billions of dollars of for...

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Professor Stefan Hedlund
Much depends on whether the Kiev government will succeed in its talks with bondholders about a deal that may entail a ‘haircut’ of perhaps 50 per cent
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