West organizing bailout for Ukraine

The U.S. and the EU have been working on a multi-billion-dollar IMF aid package for Ukraine following the ouster of President Viktor Yanukovych over the weekend.

The White House has asked Russia to join the effort, with the aim being to ease tensions between East and West over Ukraine. Russia's $15B aid package for the country is on hold, while it has recalled its ambassador to Kiev for consultations.

The EU is happy to help, but wants Ukraine to overhaul its economy in return for assistance.

The moves to shore up the country come after S&P last week cut its credit rating to CCC and said it risks default.


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Comments (3)
  • DonSimon
    , contributor
    Comments (156) | Send Message
    The west should be careful. If the past is a guide, Putin will send in troops to crush the opposition and reinstall the ousted guy as a puppet ruler.
    24 Feb 2014, 08:27 AM Reply Like
  • Tricky
    , contributor
    Comments (2526) | Send Message
    The western press is clueless about how much Russia props up Ukraine economically. If Ukraine turns west, it is going to collapse and there is no way that Russia is going to help pick up the bill. It will wait for the eastern Ukrainians to do their own uprising, to push the country back towards Russia.


    This is a very complex situation.
    24 Feb 2014, 09:29 AM Reply Like
  • A.L.
    , contributor
    Comments (182) | Send Message
    24 Feb 2014, 02:53 PM Reply Like
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