IMF Bails Out Ukraine As UN Rejects Russia's Crimea Annexation

The IMF has announced a $14-$18 billion bailout for Ukraine at the UN General Assembly, refusing to recognize Russia's annexation of the Crimea peninsula.

Via AFP:

The IMF announced a $14-$18 billion bailout for Ukraine on Thursday as the UN General Assembly refused to recognise Russia's annexation of the Crimea peninsula.

The vital economic breakthrough was reached just as Ukraine's presidential campaign heated up, with the announcement by opposition icon Yulia Tymoshenko that she would contest the race to replace the ousted pro-Russian regime that sent her to jail.

Washington and its EU allies hope the rescue and a mounting diplomatic offensive against Russia should keep Ukraine on a stable enough footing to conduct snap polls on May 25 that co...

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