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☆ Expect economic growth for Ukraine this year, finance minister says
▼ + stars: | 2024-04-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect economic growth for Ukraine this year, finance minister saysSergii Marchenko, Ukraine's minister of finance, says, however, that it "depends, of course, on a lot of factors, which are not fully Ukrainian ones."

Persons: Sergii Marchenko Locations: Ukraine

☆ Zelenskiy Says EU Aid Approval Will Boost Ukraine's Economy
▼ + stars: | 2024-02-01 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

KYIV (Reuters) - President Volodymyr Zelenskiy said on Thursday the EU's approval of an aid package to Ukraine would strengthen long-term economic and financial stability as the war with Russia approaches its third year. "It is very important that the decision was made by all 27 leaders, which once again proves strong EU unity," Zelenskiy said on the X social media platform. "Continued EU financial support for Ukraine will strengthen long-term economic and financial stability, which is no less important than military assistance and sanctions pressure on Russia," he said. Ukraine expects to receive the first tranche of 4.5 billion euros ($4.9 billion) from the EU facility in March, the economy ministry said. The Latest Photos From Ukraine View All 91 ImagesUkraine critically depends on financial support from its Western allies.

Persons: Volodymyr Zelenskiy, Zelenskiy, Serhiy Marchenko, Olena Harmash, Jon Boyle Organizations: Finance, Kyiv, European Union Locations: Ukraine, Russia

COLUMBUS, Ohio (AP) — Drew Doughty scored 33 seconds into overtime and the Los Angeles Kings rallied from a three-goal deficit in the third period, beating the Columbus Blue Jackets 4-3 on Tuesday night for their NHL record-tying 10th straight road win. Phoenix Copley stopped 26 for the Kings, who have won seven of their last eight games and matched the road win record of the 2006-07 Buffalo Sabres. Kirill Marchenko, Johnny Gaudreau and Mathieu Olivier scored, and Elvis Merzlikins stopped 35 for Columbus, which has lost eight games this season after holding a lead in the final 20 minutes. The first two periods were all Columbus, as the Blue Jackets built a three-goal lead heading into the final 20 minutes, helped by a first period, power-play goal from Marchenko, and second-period scores from Gaudreau and Olivier. Blue Jackets: Visit New York Islanders on Thursday.

Persons: — Drew Doughty, Phoenix Copley, Phillip Danault, Arthur Kaliyev, Vladislav Gavrikov, Kirill Marchenko, Johnny Gaudreau, Mathieu Olivier, Elvis Merzlikins, Gaudreau, Olivier, ___ Organizations: Los Angeles Kings, Columbus Blue Jackets, NHL, Buffalo Sabres, Columbus, Blue Jackets, Visit Montreal Canadiens, . Blue Jackets, New York Islanders Locations: COLUMBUS , Ohio, Columbus, Los Angeles, Marchenko, Kaliyev

☆ Penguins' Sidney Crosby scores late for hat trick, win over Blue Jackets
▼ + stars: | 2023-11-15 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/54] Nov 14, 2023; Columbus, Ohio, USA; Columbus Blue Jackets center Boone Jenner (38) tips the puck wide pf Pittsburgh Penguins goalie Tristan Jarry (35) during the first period at Nationwide Arena. Mandatory Credit: Russell LaBounty-USA TODAY Sports Acquire Licensing RightsNovember 15 - Sidney Crosby had a hat trick plus an assist Tuesday to lift the visiting Pittsburgh Penguins to their fifth straight win, 5-3 over the Columbus Blue Jackets. Kirill Marchenko, Yegor Chinakhov and Alexandre Texier scored for the Blue Jackets, who lost their sixth straight (0-4-2). Pittsburgh got the only goal of the second when Guentzel tied it at 7:04. Guentzel, as he was losing his footing in the low slot, poked the puck past Merzlikins' stick to make it 2-2.

Persons: Boone Jenner, Tristan Jarry, Russell LaBounty, Sidney Crosby, Erik Karlsson, Jake Guentzel, Kirill Marchenko, Yegor Chinakhov, Alexandre Texier, Elvis Merzlikins, Crosby, Marcus Pettersson, Marchenko, Ryan Shea, Chinakhov, Guentzel, Vinnie Hinostroza, Evgeni Malkin, Karlsson, Texier Organizations: Columbus Blue Jackets, Pittsburgh Penguins, Nationwide Arena, Penguins, Pittsburgh, Blue Jackets, Columbus, Thomson Locations: Columbus , Ohio, USA, Pittsburgh, Crosby

☆ NHL roundup: Sidney Crosby (hat trick) lifts Pens past Jackets
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +5 min

[1/4] Nov 14, 2023; Columbus, Ohio, USA; Pittsburgh Penguins center Sidney Crosby (87) celebrates his hat trick goal during the third period against the Columbus Blue Jackets at Nationwide Arena. Kirill Marchenko, Yegor Chinakhov and Alexandre Texier scored for the Blue Jackets, who lost their sixth straight (0-4-2). Jordan Kyrou scored twice for the Blues, who won their third straight game and their fifth in six games. Jonas Johansson made 24 saves for the Lightning, who lost their third straight game. Sam Reinhart, Carter Verhaeghe, and Aleksander Barkov each had a goal and an assist, while Ryan Lomberg scored Florida's other goal.

Persons: Sidney Crosby, Russell LaBounty, Erik Karlsson, Jake Guentzel, Tristan Jarry, Kirill Marchenko, Yegor Chinakhov, Alexandre Texier, David Pastrnak, Danton Heinen, Brandon Carlo, Oskar Steen, Hampus Lindholm, Victor Olofsson, Matt Duchene, Duchene, Tyler, Jake Oettinger, Jordan Binnington, Louis, Jordan Kyrou, Colton Parayko, Jakub Vrana, Kasperi Kapanen, Torey Krug, Pavel Buchnevich, Jonas Johansson, Connor Zary, Nazem Kadri, Jacob Markstrom, Gustav Lindstrom, Sam Montembeault, Charlie Lindgren, Dylan Strome, Connor McMichael, Beck Malenstyn, Logan Thompson, Kyle Connor, Nikolaj Ehlers, Cole Perfetti, Morgan Barron, Connor Hellebuyck, Timo Meier, John Marino, Dawson Mercer, Jack Hughes, Adam Henrique, Radko Gudas, Cam Fowler, John Gibson, Filip Forsberg, Roman Josi, Ryan O'Reilly, Henrique, Kevin Stenlund's, Sam Reinhart, Carter Verhaeghe, Aleksander Barkov, Ryan Lomberg, Luke Kunin, Tomas Hertl, Mike Hoffman, Mikael Granlund Organizations: Pittsburgh Penguins, Columbus Blue Jackets, Nationwide Arena, Penguins, Pittsburgh, Blue Jackets, Bruins, Sabres, Boston, Buffalo, Coyotes, Dallas, Stars, Tampa, Blues, St, Lightning, Flames, Canadiens, Calgary, Montreal, Capitals, Golden Knights, Washington, Vegas, Jets, Devils, Winnipeg, Louis Blues, Ducks, Anaheim, Nashville, Predators, Panthers, Sharks, San, Thomson Locations: Columbus , Ohio, USA, Arizona, Tampa Bay, skidding New Jersey, Florida, San Jose

☆ NHL roundup: Connor Bedard's 4 points pace Blackhawks
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +8 min

1 overall in June, producing four points as the Blackhawks stormed to a 5-3 win over the host Tampa Bay Lightning on Thursday. He became the youngest player in Blackhawks history to have a multi-goal game and at least three points. At 18 years and 115 days old, the top-line center is the third-youngest player in NHL history with a four-point game. Anthony Cirelli had a goal and an assist for the Lightning, and Nikita Kucherov and Steven Stamkos also scored. Vincent Trocheck had a goal and two assists as the Rangers improved to 8-0-1 in the past nine games.

Persons: Connor Bedard, Kim Klement Neitzel, Chicago's Connor Bedard, Bedard, Tyler Johnson, Corey Perry, Kevin Korchinski, Nick Foligno, Philipp Kurashev, Petr Mrazek, Anthony Cirelli, Nikita Kucherov, Steven Stamkos, Mikhail Sergachev, Jonas Johansson, Bryan Rust, Sidney Crosby, Lars Eller, Jake Guentzel, Magnus Hellberg, Pittsburgh's Erik Karlsson, Carl Grundstrom, Adrian Kempe, Kevin Fiala, Pheonix Copley, Oliver Bjorkstrand, Jaden Schwartz, Matt Beniers, Adam Larsson, Vince Dunn, Philipp Grubauer, Nathan MacKinnon, Valeri Nichushkin, Bowen Byram, Ivan Prosvetov, Artturi Lehkonen, Jamie Oleksiak, Alexis Lafreniere, Vincent Trocheck, Artemi Panarin, of Famer Rod Gilbert, Blake Wheeler, Charlie Coyle, David Pastrnak, Trent Frederic, James van Riemdsyk, Brad Marchand, Linus Ullmark, Brock Nelson, Simon Holmstrom, Ilya Sorokin, Cole Caufield, Mike Matheson, Nick Suzuki, Matheson, Cayden Primeau, Christian Fischer, Compher, James Reimer, Elias Pettersson, Ilya Mikheyev, Casey DeSmith, Vancouver's J.T, Miller, Brock Boeser, Andrei Kuzmenko, Phillip Di Giuseppe, Drake Batherson, Artem Zub, Anton Forsberg, Kyle Connor, Mark Scheifele, Mason Appleton, Cole Perfetti, Brenden Dillon, Dylan DeMelo, Alex Iafallo, Laurent Brossoit, Filip Forsberg, Philip Tomasino, Tyson Barrie, Oskar Sundqvist, Robert Thomas, Louis, Joel Hofer, Lawson Crouse, Karel Vejmelka, Matt Duchene, Tyler Seguin, Jake Oettinger, Mason Marchment, Craig Smith, Jason Robertson, Nils Lundkvist, Boone Jenner, Kirill Marchenko, Spencer Martin, Mackenzie Blackwood, Tomas Hertl, Fabian Zetterlund, Filip Zadina, Darnell Nurse, Ryan Nugent, Hopkins, Stuart Skinner Organizations: Chicago Blackhawks, Tampa Bay Lightning, Amalie Arena, Blackhawks, Lightning, Chicago, NHL, Penguins, Pittsburgh, Los, Avalanche, Seattle, Colorado, Rangers, New York, Minnesota, of Famer, New, Bruins, Islanders, Boston, Canadiens, Red Wings, Montreal, Detroit, Canucks, Senators, Vancouver, Ottawa, Jets, Predators, Winnipeg, Nashville, Coyotes, Arizona, Blues, Blue Jackets, Dallas, Columbus, Stars, Sharks, Oilers, Jose, Edmonton, Philadelphia Flyers, Thomson Locations: Tampa , Florida, USA, Los Angeles, Colorado, Denver, New, York, New York, Detroit, St

☆ Yellen Says U.S. Will Fight to Ensure Robust Economic Aid for Ukraine
▼ + stars: | 2023-10-16 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +4 min

She said the Biden administration was committed to supporting Ukraine "for as long as it takes" and would fight to ensure a bipartisan majority in the U.S. Congress enacted "robust" and uninterrupted assistance for the war-torn country. Ukrainian Finance Minister Serhiy Marchenko told Reuters on Saturday that Ukraine is finding it harder to secure financial support. Yellen lauded the European Union's plans for a 50 billion euro Ukraine Facility to provide sustained economic and reconstruction support, saying that economic support should have maximum concessionality, meaning low or zero interest rates. WINDFALL PROCEEDS TO AID UKRAINETo ensure additional sources of revenue, Yellen reiterated that she supported "harnessing windfall proceeds from Russian sovereign assets immobilized in particular clearing houses and using the funds to support Ukraine." U.S.-EU collaboration was also crucial regarding economic ties with China, Yellen said, including targeted actions to safeguard national security interests such as restrictions on certain outbound investments in sensitive technologies.

Persons: Andrea Shalal LUXEMBOURG, Janet Yellen, Biden, Yellen, Jim Jordan, Donald Trump, Brussels's, Serhiy Marchenko, Andrea Shalal, Christina Fincher Organizations: . Treasury, Ukraine, U.S, Congress, Hamas, Sky News, Kyiv, Ohio, Republican, EU, Ukrainian, Reuters, UKRAINE Locations: United States, Europe, Ukraine, Israel, Gaza, America, Hungary, U.S, Russia, China, Washington

☆ Donor fatigue has come for Ukraine
▼ + stars: | 2023-10-15 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +3 min

Ukrainian officials say donor fatigue is now impacting their war effort. Ukraine officials say donor fatigue is a big part of the problem. "They would like to forget about the war, but the war is still ongoing, full-scale," Marchenko told Reuters on Saturday. AdvertisementAdvertisementUkrainian officials said they're also concerned that the war between Israel and Hamas could dilute future international support for Ukraine. Since Russia first launched its full-scale invasion of Ukraine in 2022, US lawmakers have approved about $113 billion in response.

Persons: —, Serhiy Marchenko, Reuters he's, Marchenko, they're, Pavlo Klimkin, Kyrylo Budanov, Budanov, Joe Biden, Biden, That'll Organizations: Service, Reuters, Ukraine, New York Times, Hamas, Republicans, Times Locations: Israel, Ukraine, Ukrainian, Russia

☆ Key takeaways from the IMF/World Bank meetings
▼ + stars: | 2023-10-14 | by ( ) www.reuters.com time to read: +5 min

Global inflation is seen dropping from 6.9% this year to a still-high 5.8% next. Italian central bank governor Ignazio Visco said there was an impression markets were "reevaluating the term premium" as investors become more nervous about holding longer term debt. One debt restructuring deal emerged: Zambia finally agreed a debt rework memorandum of understanding with creditors including China and France. Sri Lanka said on Thursday it reached an agreement with the Export-Import Bank of China covering about $4.2 billion of debt, while talks with other official creditors are stalling. There was much talk ahead of Marrakech on revamping the IMF and World Bank to better reflect the emergence of economies like China and Brazil.

Persons: Ajay Banga, Mercy Tembon, Finance Serhiy Marchenko, Ceda Ogada, Kristalina Georgieva, Pierre, Olivier Gourinchas, Ignazio Visco, Joyce Chang, Vitor Gaspar, Mehmet Simsek, Murat Ulgen, Kate Donald, Ahmed El Jechtimi, Andrea Shalal, David Lawder, Leika Kihara, Elisa Martinuzzi, Rachel Savage, Jorgelina, Rosario, Balazs Koranyi, Mark John, Christina Fincher Organizations: Bank, Finance, International Monetary Fund, Emerging, Research, HSBC, Reuters, Export, Import Bank of, World Bank, Oxfam International's Washington DC Office, Thomson Locations: Ukraine, MARRAKECH, Morocco, Moroccan, Marrakech, Israel, Central, United States, China, Italy, Italian, Turkey, Kenya, Zambia, France, Sri Lanka, Import Bank of China, Brazil, U.S

REUTERS/Susana Vera Acquire Licensing RightsMARRAKECH, Oct 14 (Reuters) - Ukraine is finding it harder to secure financial support as the attention of officials in key donor countries shifts to upcoming elections and geopolitical tensions heighten, Finance Minister Serhiy Marchenko told Reuters on Saturday. As the war with Russia rages on, Ukraine needs to secure Western financial support to cover a $43 billion budget gap in 2024. Marchenko said "a geopolitical shift and internal political context in different countries" was dampening governments' appetite to support Ukraine, mentioning elections scheduled in the U.S. and the European Union next year. Marchenko said Ukraine is seeking 18 billion euros of that in 2024, matching the package received for this year. Ukraine's economy is set to grow 5% in 2024, Marchenko told the meetings earlier this week, and sufficient gas storage for the winter should buttress the economy from a potential rise in prices, he told Reuters.

Persons: Finance Serhiy Marchenko, Susana Vera, Serhiy Marchenko, Marchenko, Jorgelina, Rosario, Elisa Martinuzzi, Helen Popper Our Organizations: Finance, Reuters, International Monetary Fund, World Bank, REUTERS, Rights, Bank, European Union, IMF, EU, Thomson Locations: Marrakech, Morocco, Rights MARRAKECH, Ukraine, Russia, Israel, U.S, Japan, United Kingdom, United States

☆ Ukraine receives $1.15 bln grant from US under World Bank program
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +1 min

Olivier Matthys/Pool via REUTERS Acquire Licensing RightsKYIV, Oct 11 (Reuters) - Ukraine received a $1.15 billion grant from the United States on Wednesday as part of the PEACE in Ukraine program, the Ukrainian finance ministry said. The PEACE (Public Expenditures for Administrative Capacity Endurance) in Ukraine project has been the World Bank's flagship financing instrument for Kyiv during Russia's war on Ukraine. "In 2023, Ukraine has already received $10.9 billion in direct budget support from the United States in the form of grants," the finance ministry said. The project aims to compensate state budget expenditures in the social and humanitarian spheres, and is not intended for security or defence, the ministry said. The U.S. government has this year allocated $10.9 billion to finance Ukraine's state budget, it said.

Persons: Defense Lloyd Austin III, Volodymyr Zelenskiy, Olivier Matthys, Serhiy Marchenko, Yuliia Dysa, Timothy Organizations: Defense, Ukraine Defense Contact, NATO Defense, REUTERS Acquire, Rights, Timothy Heritage, Thomson Locations: Ukraine, Brussels, Belgium, United States, Ukrainian, U.S

☆ Ukraine should use China as leverage to win war with Russia, finance minister says
▼ + stars: | 2023-04-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUkraine should use China as leverage to win war with Russia, finance minister saysUkraine's Finance Minister Serhiy Marchenko tells CNBC's Silvia Amaro that Ukraine should use China as leverage to win the war against Russia.

[1/5] A local resident leaves after a doctor's visit at a clinic in the liberated village of Vyshneva, near Kharkiv, in eastern Ukraine, April 21, 2023. He can be certain of one thing, however: many patients he meets will be suffering from high blood pressure after living for months under Russian occupation near the frontlines. "Patients who we chat to say there was a considerable number of deaths because of the lack of medical help." The World Health Organization estimates that the overall damage to the system could cost more than $15 billion to repair. But as more people return to liberated areas, a skeleton staff buttressed by volunteers will struggle to meet needs.

WASHINGTON, April 17 (Reuters) - Just a month after the biggest banking crisis in more than a decade, the world's top economic and financial policymakers gathered in Washington and said surprisingly little about financial system stability - at least publicly. Some officials conveyed a sense that banking system safety was further down the priority list of global economic problems. "But it's still something where we need to stay vigilant and address potential risks which may emerge in our financial system," Dombrovskis told reporters. He added that the European Union's banking system was stable, well capitalized with ample liquidity. But during the IMFC's closed meeting, the possible spillovers from financial stability risks were a main topic, Ukrainian Finance Minister Serhiy Marchenko told Reuters.

"Financial support is very necessary, as well as military support," he said, acknowledging growing acceptance that the military conflict could drag on. "We should be ready that this war will last longer than we expected,” he said, noting that G7 partners were no longer pushing Ukraine to accept an end to war - as they had last year - but were now signaling their support for a longer conflict. Marchenko said there was also growing openness among donor countries to explore using Russia's frozen assets to pay for Ukraine's reconstruction than even six months ago. "Our partners are thinking about the possibility of using Russian assets as a necessary tool to support Ukraine. Marchenko said U.S. Treasury officials had told him the United States had a low amount of Russian assets, but the issue was of greater concern in Japan, Switzerland and EU countries.

☆ World Bank chief says Western European countries need to help fund Ukraine reconstruction
▼ + stars: | 2023-04-11 | by ( Andrea Shalal | ) www.reuters.com time to read: +2 min

WASHINGTON, April 11 (Reuters) - The World Bank is ready to do its part in rebuilding Ukraine after the devastation of Russia's invasion, but international financial institutions cannot shoulder the sums involved alone and Western European countries will have to chip in, World Bank President David Malpass said on Tuesday. Malpass, speaking at the spring meetings of the International Monetary Fund and World Bank, noted that the World Bank had played a big role in rebuilding Europe's steel industry after World War Two and could play a similar role in Ukraine. The number, calculated by the World Bank, United Nations, European Commission and Ukraine, was up sharply from an estimate of $349 billion released last September. U.S. Treasury Secretary Janet Yellen on Tuesday repeated Washington's commitment to support Ukraine for as long as needed. Washington has also allocated some money for immediate short-term reconstruction needs, including rebuilding its electricity grid.

☆ NHL roundup: Bruins top Blues, reach historic 60-win mark
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +6 min

[1/5] Apr 2, 2023; St. Louis, Missouri, USA; Boston Bruins center Trent Frederic (11) takes the face-off against St. Louis Blues right wing Kasperi Kapanen (42) during the first period at Enterprise Center. St. Louis (35-35-7, 77 points) was eliminated from playoff contention with the result. The Blues received two goals from Jordan Kyrou, the second of which made it a 3-3 game with 25 seconds remaining in regulation. Brayden Schenn assisted on all three St. Louis goals. St. Louis native Trent Frederic collected two assists and Linus Ullmark recorded 35 saves.

☆ NHL roundup: Bruins lock down Atlantic Division title
▼ + stars: | 2023-03-26 | by ( ) www.reuters.com time to read: +11 min

Hathaway has scored three goals since joining the Bruins in late February, two of which have been go-ahead tallies. Linus Ullmark made 11 of his 26 saves in the third period, improving to 11-1-0 in his last 12 starts. For the Lightning, Victor Hedman scored the lone goal and Andrei Vasilevskiy was credited with 32 saves. Leon Draisaitl had a goal and an assist, and Zach Hyman and Warren Foegele also scored for Edmonton. Ottawa captain Brady Tkachuk scored his seventh goal in seven games and Mark Kastelic and defenseman Thomas Chabot also tallied.

☆ NHL roundup: Streaking Rangers blow by Predators
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +6 min

They have scored 15 unanswered goals in their last three games, the longest streak in the NHL this season. Goalie Jaroslav Halak stopped all 22 shots he faced one night after Igor Shesterkin recorded the shutout with 33 saves. Kirill Marchenko and Liam Foudy scored goals and Patrik Laine had two assists for Columbus, which suffered its seventh loss in eight games. Daniil Tarasov made 24 saves on 29 shots before being pulled with 3:03 left in the second period. Hofer made 33 saves in his second game filling in for Jordan Binnington, who completed his two-game NHL suspension Sunday.

☆ Russia strikes many Ukrainian regions, cutting off power
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +2 min

[1/6] Emergency workers extinguish fire in vehicles at the site of a Russian missile strike, amid Russia?s attack on Ukraine, in Kyiv, Ukraine March 9, 2023. REUTERS/Gleb GaranichMarch 9 (Reuters) - Russian strikes hit a series of Ukrainian regions early on Thursday, including the capital Kyiv, the Black Sea port of Odesa and the second-largest city Kharkiv, knocking out power to several areas, regional officials said. Power supply has been cut pre-emptively to about 15% of Kyiv residents, he said. Kharkiv region Governor Oleh Synehubov said the city and region had been hit by about 15 strikes. According to Ukrainian news outlet Obozrevatel.ua, two people were injured by a missile strike in Kharkiv which landed near their house.

☆ Ukraine Seeks to Reassure U.S. Lawmakers Over Graft
▼ + stars: | 2023-03-08 | by ( Marcus Walker | ) www.wsj.com time to read: 1 min

KYIV, Ukraine—A year into Russia’s full-scale invasion, Ukrainian Finance Minister Sergii Marchenko is steadily gathering enough financial aid from the U.S. and other international allies to ensure the Ukrainian state can keep functioning. His new challenge is to assuage doubts about the country’s history of corruption. Graft scandals at the Ukrainian Defense Ministry and other government agencies have added to calls in the U.S. for stricter controls over assistance for Ukraine, as more American voters and lawmakers are growing skeptical about the cost of financial and military support for the country’s defense against Russia’s invasion.

☆ Yellen backs fully financed IMF program for Ukraine by end-March -U.S. Treasury
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, Feb 27 (Reuters) - U.S. Treasury Secretary Janet Yellen on Monday backed completion of a "fully financed and appropriately conditioned" program for Ukraine with the International Monetary Fund by the end of March, Treasury said in a statement. Yellen's comments reflect growing momentum toward agreement on a new IMF financing package for Ukraine, coming days after IMF Managing Director Kristalina Georgieva also visited Kyiv. French Finance Minister Bruno Le Maire told reporters on Friday that European finance chiefs have endorsed a $15.5 billion IMF loan program for Ukraine, a sum in line with that given last week by Ukrainian Prime Minister Denys Shmyhal. Yellen spoke with Georgieva before leaving Washington to attend the Group of 20 meeting in India, and senior Treasury officials were in daily touch with IMF counterparts about the Ukrainian program, a Treasury official said. Yellen and Treasury officials also had conversations at the G20 with counterparts about an IMF program for Ukraine, the official said.

☆ Ukraine's economy stabilizes after shock of war
▼ + stars: | 2023-02-27 | by ( Olena Harmash | ) www.reuters.com time to read: +9 min

The economy shrank by a third last year, the largest fall since Ukraine's independence from the Soviet Union in 1991. ArcelorMittal Kryvyi Rih, Ukraine's largest steel mill, said its production was currently at about 25% of pre-war levels amid electricity blackouts. Ukraine's central bank predicts GDP will grow by 0.3% this year, while the economy ministry forecasts 3.2% growth. The agreement saved Ukraine's agriculture, which accounted for about 12% of GDP and some 40% of overall exports before the war. The steel sector, a key pillar of the economy, is among the hardest hit.

☆ NHL roundup: Roope Hintz's SO goal lifts Stars past Knights
▼ + stars: | 2023-02-26 | by ( ) www.reuters.com time to read: +8 min

Rookie Wyatt Johnston also scored a goal and Jamie Benn added two assists for the Stars. Eichel and Michael Amadio both scored goals for Vegas, which saw its five-game home winning streak snapped. Patrik Laine had a goal with two assists and Kirill Marchenko scored twice for the Blue Jackets, who swept the two-game season series from Edmonton. It was Oshie's first career game with a goal, assist and a fight, known as a Gordie Howe hat trick. Tyler Toffoli scored, Jacob Markstrom turned away 18 shots and Nazem Kadri had an assist in his return to Colorado.

☆ Global Financial Watchdog Suspends Russia’s Membership
▼ + stars: | 2023-02-24 | by ( Mengqi Sun | ) www.wsj.com time to read: +4 min

A global financial watchdog, in an unprecedented move, suspended Russia’s membership in the organization, on the first anniversary of the Kremlin’s invasion of Ukraine. FATF said Russia’s war in Ukraine is a violation of the group’s principles to promote security, safety and the integrity of the global financial system and breaks with FATF’s commitment to international cooperation and mutual respect. Russia’s suspension from FATF significantly restrains the country’s influence on any FATF decisions while casting a shadow on its business climate, observers said. Russia, however, remains liable for membership dues if it intends to reapply for membership in the future. “The measure is both an important political statement as well as a recognition of the threats to the global financial system posed by Russia.

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