Ukraine Finance Minister: Has asked IMF and World Bank to stop lending to Russia, hopes Russia defaults

Joel Frank Independent Analyst

Ukrainian Finance Minister Serhiy Marchenko said on Thursday that Ukraine has asked the International Monetary Fund and World Bank to stop lending to Russia and that he hoped they default, reported Reuters. We are working on an international front to solve the fall in the Ukrainian government's budget revenue and that Ukraine is in talks for international financing of around EUR 7B, of which EUR 3B has already been delivered.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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