The hidden hands behind East-West tug of war in Ukraine

Is it in Ukraine's best interest to negotiate liberalisation with the IMF and the World Bank?

"Resisting the IMF

One of the sparks behind current events was the ousting of former Ukrainian President Viktor Yanukovych in February. This followed his rejection of an EU Association agreement designed to integrate the Ukraine with the EU. Less well-known, however, is the fact that the EU agreement was tied to a $17bn loan from the IMF. Instead of the EU and IMF deal, Yanukovych chose a Russian aid package worth $15bn plus a 33 percent discount on Russian natural gas."

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