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Foreign aid to Ukraine totaled $8.6 billion — Yatsenyuk

November 26, 2014, 15:52 UTC+3 KIEV
“We would not have survived without the international assistance,” Ukrainian Prime Minister Arseniy Yatsenyuk said
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Ukrainian Prime Minister Arseniy Yatsenyuk

Ukrainian Prime Minister Arseniy Yatsenyuk

© ITAR-TASS/Zurab Dzhavakhadze

KIEV, November 26. /TASS/. Ukraine has received a total of $8.6 billion in foreign loans, the country’s Prime Minister Arseniy Yatsenyuk said on Wednesday after a government meeting.

“Our cabinet has resumed the program of activity and cooperation with the International Monetary Fund (IMF), the European Bank for Reconstruction and Development (EBRD) and other banks. Today international investors are not ready to go to the country, but international banks are ready to help us,” Yatsenyuk said.

Some $9.1 billion has been allocated to pay off the country’s debts. The government has also helped Ukraine's state gas company Naftogaz repay its $1.67 billion Eurobond.“We would not have survived without the international assistance,” he added.

Ukraine’s shrinking economy has been undermined by the ongoing crisis. In October, Russian president’s economic advisor Sergey Glazyev predicted that Ukraine’s default is becoming inevitable.

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