Russia, China round up joint naval exercise in Baltic SeaMilitary & Defense July 27, 21:27
Chechen leader says he is ready to quit his job to protect al-Aqsa Mosque in JerusalemSociety & Culture July 27, 21:07
Russian tennis star Sharapova granted wildcard for WTA tournament in CincinnatiSport July 27, 20:11
Russia invites Baltic partners to attend naval review in St. PetersburgMilitary & Defense July 27, 19:38
Russia’s new ambassador to Turkey presents his credentials to ErdoganRussian Politics & Diplomacy July 27, 19:03
Deadly wildfires in southern EuropeWorld July 27, 18:20
Russia interested in cooperation with Finland on Arctic environmentBusiness & Economy July 27, 18:14
New US anti-Russia sanctions way to pursue its economic interests with cynicism — PutinRussian Politics & Diplomacy July 27, 18:11
Moscow surgeons separate newborn Siamese twins conjoined at head in 30 minutesSociety & Culture July 27, 17:57
The crisis in Ukraine posed danger, and it was extremely difficult to establish its level, she said. Besides, one could hardly forecast the likelihood of its spreading over to other states, Lagarde said, adding that the crisis could have grave economic consequences for the global economy.
She said already now the geopolitical situation was influencing global trade, flows of capitals and energy security in Europe. She said the IMF loan of $17 billion was aimed to win back investor trust in Ukraine and to establish financial stability.
She declined to answer the question what part of the loan, to be disbursed to Ukraine within two years, could be transferred from Kiev to Moscow to pay off Ukraine’s gas debt to Russia. “We want Ukraine to pay for the gas it receives from Russia,” the managing director said, expressing hope that Moscow and Kiev will shortly settle the gas problem.