IMF AGREES ON LOAN TO UKRAINE
The International Monetary Fund announced this morning that it will loan between $14 billion and $18 billion to Ukraine over the next two years. With loans from other partners, the program is expected to free up a total $27 billion for the embattled country. This comes after yesterday’s announcement that the Ukrainian government would increase the price of gas by more than 50% for domestic consumers and that it plans more hikes until 2018 in an effort to secure the IMF deal.
Speaking to the Parliament in Kiev, Interim Prime Minister Arseny Yatsenyuk announced a series of economic measures that include freezing minimum and living wages and a cut of 24,000 government employees, representing a 10% workforce reduction. He said that the country faced bankruptcy if the Parliament didn’t adopt the proposed measures, Interfax reports.
Acting President Turchynov stated that the goal of Ukraine’s new government was membership to the European Union, Itar-Tass reports. “For Ukraine, the signing of an association agreement with the European Union is not the ultimate aim. It is the beginning of a new cooperation. We set ourselves the aim of full membership in the EU,” he said.
Meanwhile, in Russia, President Vladimir Putin’s approval rating reached an historic high at 82.3%. At the same time, The Washington Post reports, President Obama’s popularity is falling, with a recent poll showing a 59% disapproval rating. According to the poll, only 40% agree with his handling of the Ukrainian crisis.
OBAMA IN ROME, MEETS POPE
MH370: NEW OBJECTS SPOTTED
RISE IN EXECUTIONS GLOBALLY
Can you trust environmental officials?
It could have sunk because of the rain.
Women from the Surkha village have to travel several kilometers to find potable water
A questionable claim
Living in pollution
The mining work should have been stopped long ago
The mine has affected the landscape around the villages
Resisting lignite mining
They were dependent on others' land for work.
"We let them have our land for over 20 years," says Gohil.