News from Sweden: 100,000 Russian soldiers near Ukraine STOCKHOLM. Russia has accumulated close to 100,000 troops at the border with Ukraine, according to the chairman of Ukraines National Security Council. This is a considerably larger troop presence than previously estimated. Russia has accumulated close to 100,000 troops at the border with Ukraine, according to the chairman of Ukraines National Security Andrij Parubij, reports the AFP news agency. According Parubijs troops at the border near the mostly Russian-speaking cities of Kharkiv and Donetsk in eastern Ukraine. The U.S. has previously made a much lower estimate of the presence of Russian troops on the border between the two countries. Meanwhile, a group of experts from the IMF made up by the Government of Ukraine on a two-year package of support loan of 14-18 billion dollars. The loan will be part of a larger loan programs to the crisis-hit country with loans totaling $ 27 billion, the IMF writes in a press release. The deal is expected to be taken up by the IMF Board in april.Låneprogrammet assumes that the Ukrainian government is implementing a program of economic reform that stabilizes the economy and create the conditions for sustained growth, according to Nikolai Guerguiev, who led the IMF groups work in Kiev. Ukraines macroeconomic imbalances became unsustainable in the past year, writes Guerguiev. The results included in a current account deficit of 9 percent and the countrys reserve position in early 2014 fell below critical levels. Finance Minister Anders Borg is cautiously optimistic in their assessment of the program of assistance totaling $ 27 billion over two years, of which up to 18 billion could come from the IMF. - It should also be carefully considered by the IMF board, so as to assess whether the program really is, says Borg told TT. A fundamental component of the program, according to Borg that Ukraine continues to let its exchange rate to be flexible, so that the countrys competitiveness will be helped. Moreover, he sees the reform of Ukraines central bank monetary policy, focusing primarily on price stability as an important step. On Thursday, it was also announced that Ukraine previously jailed opposition leader Yulia Tymoshenko, will be a candidate for the presidential elections in May. This, according to AFP news agency.
Posted on: Thu, 27 Mar 2014 16:51:08 +0000
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