Ukraine has signed a new and extended bailout programme with the International Monetary Fund, preparing the stage for restructuring talks with its bondholders.
The new rescue replaces a $17bn programme announced less than a year ago but had to be abandoned as the conflict with Russian-backed separatists in Ukraine's eastern districts worsened, undermining the country's finances, report Peter Spiegel and Roman Olearchyk
The IMF told member countries in December that a $15bn gap had opened up in Kiev's finances since the programme began.
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