Kiev: Tomato protest at Ukraine Parliament
Oct. 7, 2014 - Protest I stumbled upon while wandering through Kiev on my first full day there. I don #39;t speak Ukrainian so at the time I had no idea what the protest was about. Location: in...
By: Glenn Campbell
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Kiev: Tomato protest at Ukraine Parliament - Video
Ukraine War 2014 - #39;Stay Indoors #39; Anti Terorist Opertion Slavyansk
Ukraine War 2014 - #39;Stay Indoors #39; Anti Terorist Opertion Slavyansk Ukraine War 2014 - #39;Stay Indoors #39; Anti Terorist Opertion Slavyansk Ukraine War 2014 - #39;Stay Indoors #39; Anti Terorist Opertion...
By: News Update World
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Ukraine War 2014 - 'Stay Indoors' Anti Terorist Opertion Slavyansk - Video
(English) Andriy Lysenko. Ukraine Crisis Media Center, 9th of October 2014
By: Ukraine Crisis Media Center
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(English) Andriy Lysenko. Ukraine Crisis Media Center, 9th of October 2014 - Video
Ukraine reported intensified shelling in its war-ravaged east as German Chancellor Angela Merkel said the terms of a month-old truce arent being met.
The government reported one death among its forces the past day, saying pro-Russian insurgents fired artillery rounds at the military on 33 occasions. While the cease-fire isnt flawless, the tendency in Ukraine is unambiguously positive, Russian Foreign Minister Sergei Lavrov said. The rebels yesterday described the truce as all but dead.
Its obvious that the Minsk agreement isnt implemented yet, Merkel said today after talks with Polish Prime Minister Ewa Kopacz in Berlin. Drones could be used to monitor the truce, but the condition for everything is that the cease-fire really holds. You can see how fragile the situation is right now.
While the truce, sealed Sept. 5, has reduced the bloodshed in Ukraines easternmost regions, its been marred by daily violence. There have been at least 331 deaths since the deal was agreed, the United Nations estimates. The rebels say theyre ready to resume peace talks once Russia and the Organization for Security and Cooperation in Europe agree on the terms.
Christine Lagarde, the managing director of the International Monetary Fund, said today in Washington that more international financing will be needed to prop up Ukraines war-battered economy, but that not all of the funding should come from the IMF. Lagarde, speaking at an event during the IMFs fall meetings, said other lenders will need to participate, without providing details.
The Washington-based IMF has already approved a $17 billion bailout loan to help Ukraine stay afloat.
Ukrainian central bank chief Valeriya Gontareva said last month the official support program from the IMF envisages a 6.5 percent shrinkage in the countrys gross domestic product this year. She said the really drastic deterioration of economic conditions will cause a revision showing an even larger economic contraction.
I suppose that it will be minus 9 percent, or even 10 percent, she told reporters in Kiev on Sept. 13.
Olexander Motsyk, the Ukrainian ambassador to the U.S., told reporters in Washington that 3,000 Russian troops remain on the Ukrainian side of the border between the two countries. He said the cease-fire has been violated more than 1,000 times though its difficult to say if the violations have been committed by Russian forces or pro-Russian separatists.
One civilian was killed in Donetsk in fighting today, the city council said on its website, while artillery rounds were heard all day in the city.
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Ukraine Sees Shelling Worsen as Merkel Says Truce Not Met
Ukraine will need additional bailout financing from outside the International Monetary Fund to keep the war-torn economy afloat, the head of the IMF said Thursday.
The cost of the conflict with Russia-backed separatists has changed the country's cash needs since the IMF originally designed a $30 billion international bailout program in April, of which the fund pledged to cover $17 billion.
"Additional funding will have to come" after the IMF reviews the current bailout strategy in December, IMF Managing Director Christine Lagarde said at a Bretton Woods Committee event on the sidelines of the annual IMF and World Bank meetings of finance ministers and central bankers.
"To assume that the additional funding will have to come from the IMF, I think is rather far-fetched," she said. "If the economy has to be restored and stability maintained, money will have to come from multiple sources."
The IMF chief's comments acknowledge what many economist and analysts outside the fund have been warning for some time. The IMF's latest forecast still projects the economy expanding next year, albeit at a sluggish rate, even though the World Bank said the country will likely be in a deep recession until at least 2016.
The IMF says the April bailout was predicated on the expectation that the conflict in eastern Ukraine would halt in early autumn.
"Can you say that the hostilities have stopped? Can you say that there is a cease-fire? Can you say from an economic point of view and fiscal point of view that the situation has been restored? No," Ms. Lagarde said.
Major Ukrainian manufacturing infrastructure, much of it in the war-ravaged east, is damaged or not operating. Kiev's budget is suffering from weak revenues and rising military costs. And the country's devalued currency is still wreaking havoc on the financial system.
"The economy is in quite a difficult situation," Ukraine's ambassador in Washington, Olexander Motsyk, told reporters on Thursday, declining to say how much financing was needed.
"The policy of Russia is to destroy everything in Donbas," he said, referring to the Don River basin in Ukraine, where Western nations say Russian forces helped a pro-Moscow insurgency fight off Ukraine's military.
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IMF Chief: Ukraine Will Need More Bailout Funding