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World

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Associated Press
A boy runs with a Russian national flag at the Crimean parliament in Simferopol, Crimea, Wednesday, March 26, 2014. (AP Photo/Alexander Polegenko)

IMF offers Ukraine up to $18 billion in loans

Associated Press
Local teenagers wave Russian flags next to the Soviet Union founder Vladimir Lenin's statue in Simferopol, Ukraine, on Monday, March 17, 2014. (AP Photo/Ivan Sekretarev)

– The International Monetary Fund says it will loan Ukraine's fledgling government between $14 billion and $18 billion.

Ukraine had faced three months of anti-government protest when President Viktor Yanukovych fled the country late February. The new government is struggling to keep the country's economy afloat. Russia's takeover of the Crimean Peninsula exacerbated the issue.

After talks in Kiev, the IMF said in a statement Thursday that the precise amount would be determined once Ukrainian authorities offered more precision on their needs and it was clear what other aid the country would receive.

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