Ukraine gets new $17.5 billion International Monetary Fund bailout

The deal replaces a separate $17 billion bailout agreed to last year by the IMF. Only $4.5 billion of those funds were distributed, bringing the IMF’s total commitment to $22 billion.

According to a White House statement, President Obama emphasized the U.S. commitment to “work with our international partners to provide the financial support Ukraine needs” during a call on Tuesday with his Ukrainian counterpart.

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