IMF agrees Ukraine aid after government backs banking reform

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The National Bank of Ukraine

The National Bank of Ukraine

The International Monetary Fund took a big step towards agreeing a major support package for Ukraine after the country’s government passed a law protecting the central bank’s reforms of the banking sector.

The government’s move marks a major success for the National Bank of Ukraine, which has been the target of what its governor called a campaign aimed at reversing the reforms. NBU governor Yakiv Smolii accused one of Ukraine’s richest businessmen, Ihor Kolomoisky, of orchestrating lawsuits

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