16:01 20.09.2016

IMF grants Ukraine next tranche under condition of nationalizing big banks - Tymoshenko

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The terms of the International Monetary Fund's (IMF) providing Ukraine with the next tranche were, among other things, refusing the moratorium on farmland sales and nationalization of large private Ukrainian banks, Head of the Batkivschyna parliamentary faction Yulia Tymoshenko has said.

"[Among Ukraine's obligations are] the cancellation of the moratorium on the sale of agricultural land. If the moratorium is not prolonged, Ukraine will lose its main resource," she told journalists in Kyiv.

The politician noted the conditions for obtaining the tranche also include a reduction in the network of educational institutions.

"The nationalization of large Ukrainian private banks is foreseen. We want to know what the bank is, what the date of nationalization is and who will be responsible for the obligations the banks have to Ukrainians," she said.

She said it is also planned to "virtually introduce external control over national, state Ukrainian banks." The commitments also entail a reduction in the network of Ukrainian educational institutions.

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