Good news from Ukraine


The Ukrainian parliament today voted to ratify Ukraine’s debt reduction deal by a massive majority embracing all major factions.  This is important positive news in several respects.  First, as I have explained elsewhere it enables Ukraine to get the various benefits of debt reduction.  Second, the unity of support for Finance Minister Natalie Jaresko is encouraging with regards to future economic reform in Ukraine.  Third, today’s action puts Ukraine in the best possible position for coming debt negotiations with Russia and for receiving the further support it requires from the international community.

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