IMF and Ukraine agree £13bn loan package

Ukrainian president Volodymyr Zelensky (Efrem Lukatsky/AP)

Ukraine and the International Monetary Fund (IMF) have agreed on a 15.6 billion US dollars (£12.7 billion) loan package aimed at shoring up government finances severely strained by Russia’s invasion.

Ukraine’s finance ministry said the programme would “help to mobilise financing from Ukraine’s international partners, as well as to maintain macrofinancial stability and ensure the path to post-war reconstruction after Ukrainian victory in the war against the aggressor”.