Ukraine Parliament Rejects IMF's Bailout Terms (As US Passes Ukraine Aid Bill)

Tyler Durden's picture

The US Senate is more than happy to hand over a few billion and confirm sanctions:

  • *SENATE PASSES UKRAINIAN AID BILL WITH RUSSIAN SANCTIONS
  • *HOUSE PASSES VERSION OF UKRAINIAN AID, RUSSIAN SANCTIONS BILL

But, it seems the IMF's requirements for Ukraine's bailout are too much for the locals to bear:

  • UKRAINE PARLIAMENT FAILS TO SUPPORT FIRST BID TO PASS ANTI-CRISIS LAW REQUIRED FOR IMF DEAL

Lawmakers will continue to work on the bill as it seems they approve the top-line budget but not the taxes required to get there... beggars can be choosers again maybe?

 

US says "yes" to US Aid; Via NY Times,

The Senate voted overwhelmingly on Thursday to approve a billion-dollar aid package for Ukraine, two days after Senate Democrats relented to Republican demands that they drop a provision backed by the White House that would have authorized an overhaul of the International Monetary Fund.

 

The vote was 98 to 2. The House is expected to pass a similar bill later in the day. President Obama has said he will sign the bill, which includes new sanctions against Russians and Ukrainians who provided support to Russia to annex the Crimea region of Ukraine.

 

This bill is a first step toward supporting the Ukrainians and our Central and Eastern European partners, and imposing truly significant costs on Moscow,” the House majority leader, Eric Cantor, said in a floor speech as his chamber considered its bill.

Ukraine says 'No" to IMF (for now); Via Bloomberg,

Lawmakers approve budget changes needed for IMF loan deal.

 

Lawmakers to continue working on tax bill, acting President and parliament speaker Oleksandr Turchynov says

 

Lawmakers to vote on tax bill again today: Turchynov

We suspect beggars will be choosers once again.

 

Confused at what that means? Nomura  (h/t @Pawelmorski) has the answer.. kinda...