- Home
- Business
- Ukraine Faces Economic Collapse Without Assistance From International Partners - Zelenskyy
Ukraine Faces Economic Collapse Without Assistance From International Partners - Zelenskyy
Sumaira FH Published March 29, 2020 | 10:40 PM
KIEV (UrduPoint News / Sputnik - 29th March, 2020) Ukraine is in a difficult economic situation due to the coronavirus pandemic and could face default if international partners do not provide Kiev with assistance, Ukrainian President Volodymyr Zelenskyy said on Sunday.
"Because of the coronavirus, Ukraine has actually reached a crossroads and has two paths.
The first is the adoption of two important laws. After that, we will receive support from our international financial partners in the amount of at least $10 billion. This is necessary to stabilize the economy and overcome the crisis. The second way - the failure to adopt these laws. In this case, we will face the decline of the economy and the threat of default," Zelenskyy said.
Recent Stories
HEC reviews curricula for environmental sciences degree programme
ICC Asia looking forward to an action-packed Asia Cricket Week
Yuvraj Singh named ICC Men’s T20 World Cup 2024 Ambassador
Greece hands Olympic flame to 2024 Paris Games hosts
Two Kyiv hospitals evacuating over feared Russian strikes
World must act on neurotech revolution, say experts
Charles & Catherine's cancer diagnoses
Champions Alcaraz and Sabalenka through in Madrid Open
King Charles to resume some public duties during cancer treatment: palace
US defense chief announces $6 bn in security aid for Ukraine
Heavy rains cause damage to Spezand-Taftan railway track
Woman stabbed in Israel, attacker killed: police
More Stories From Business
-
Finance minister reviews progress on FBR digitalization
2 hours ago -
US stocks rebound on tech earnings, London hits new record
2 hours ago -
US approves gene therapy treatment for hemophilia
2 hours ago -
KATI president for inclusion of agri sector in tax net
2 hours ago -
Ahsan chairs 13th CPEC-JCC preparatory meeting, reviews arrangements for high-level delegation’s v ..
3 hours ago -
Police to take every step for security of business community: IGP
3 hours ago
-
WB director, Planning minister discuss reforms in development projects
3 hours ago -
IP rights crucial in achieving SDG : Jam Kamal
5 hours ago -
FBR’s data protection efforts commended by OECD assessment team
5 hours ago -
US stocks rebound on tech earnings, London hits new record
5 hours ago -
SECP-IFSB workshop highlights Pakistan's progress in Islamic Finance Development
5 hours ago -
SBP to announce monetary policy on April 29
5 hours ago