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IMF praises Ukraine’s resilience as country pushes for $15B loan

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IMF praises Ukraine’s resilience as country pushes for B loan

The Worldwide Financial Fund has praised Ukraine’s financial resilience within the face of Russian aggression because the war-torn nation pushes for a $15-billion mortgage to cowl its funds deficit.

It comes as Kristalina Georgieva, the IMF’s managing director, returns from a go to to Kyiv the place she met with President Volodymyr Zelenskyy and Prime Minister Denys Shmyhal, amongst different high officers.

“My most necessary takeaway from the go to to Ukraine is that the Ukrainian financial system is functioning and that Ukrainian persons are sturdy,” Georgieva informed Euronews in a video interview after the journey.

“What we’ve seen during the last months is (Ukraine’s) willpower to take the fitting choices on the coverage entrance and to help the revitalisation of the financial system.”

Georgieva highlighted three key areas through which Ukraine has made progress: fiscal coverage, financial coverage and the combat in opposition to corruption.

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“On fiscal coverage: final yr, they collected over 36% of GDP in taxes. For anyone who is aware of a rustic affected by battle, that is completely astonishing,” the IMF chief stated.

“They’ve stored inflation at bay at 25%. That is excessive, however by far not as excessive because it may have been within the absence of sturdy financial coverage.”

The IMF estimates that after struggling a 30% GDP contraction in 2022, Ukraine will enter a gradual restoration this yr because the nation continues to regulate to the brand new regular below Russia’s brutal invasion.

“What I heard from the enterprise group is definitely various optimism,” Georgieva stated.

“Why? As a result of they’ve tailored to a special modus operandi, as a result of they see the federal government being efficient in resolving issues once they happen.”

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Kyiv insists it wants dependable and constant Western help to plug the $38 billion deficit in its annual funds, exacerbated by a drastic fall in exports, mind drain and rising unemployment.

The European Union has pledged to ship €18 billion in monetary help over the course of 2023 whereas the US additionally plans to assist out.

However each allies are unlikely to cowl your complete deficit, main Kyiv to hunt assist from the IMF in hopes of securing a multi-year mortgage.

Prime Minister Shmyhal has stated the mortgage must be value at the very least $15 billion and canopy rapid budgetary wants and the post-war reconstruction.

The IMF has to this point refused to offer a precise quantity, however final week stated a staff-level settlement had been reached between the events, paving the best way for a “fully-fledged” help programme.

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The help would require the approval of the fund’s government board.

Because the begin of Russia’s invasion, the IMF has disbursed two tranches of emergency funds – $1.4 billion in March and $1.3 billion in October –, along with establishing a donor-backed channel.

EU accession will take a ‘very long time’

As Ukraine works to maintain its financial system operating and restore its bombed-out energy grid, Zelenskyy has vowed to finish all the mandatory reforms to kick-start EU accession talks already in 2023.

The nation was granted candidate standing in the summertime following an intense public marketing campaign.

“After I say this yr, Charles, I imply this yr, 2-0-23,” Zelenskyy informed European Council President Charles Michel earlier this month throughout an in-person go to to Brussels.

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Georgieva, a former European Commissioner herself, stated the IMF was able to help Ukraine in its path to hitch the bloc however famous the method would however take a “very long time.” 

“Becoming a member of the European Union requires alignment of all insurance policies and establishments, and that isn’t going to occur in a single day,” the Bulgarian economist informed Euronews.

“However what I can inform you is that I’m fairly assured that they are going to begin the EU accession course of on time. They’re aiming for the autumn of 2023 and I’m wanting into methods through which we, the IMF, can help them in that regard.”

Requested in regards to the impact of EU sanctions on Russia, the IMF chief stated they have an effect however that the “greatest influence comes from the battle itself.”

“It has harmed the world financial system. It has harmed the Russian financial system as effectively,” she famous.

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Regardless of Moscow’s coverage to shift power exports from Western shoppers to non-sanctioning nations, Georgieva stated Russia will see a “potential lack of as much as 9% of GDP between now and 2027” because of the invasion.

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Nautilus Adventure Drama Inspired by Jules Verne Novel Gets AMC Premiere Date, Photos and Trailer

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Nautilus Adventure Drama Inspired by Jules Verne Novel Gets AMC Premiere Date, Photos and Trailer


‘Nautilus’ Premiere Date on AMC, AMC+ — Trailer, Photos



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Trump demands do-or-die nuclear talks with Iran. Who has the leverage?

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Trump demands do-or-die nuclear talks with Iran. Who has the leverage?

President Donald Trump remains adamant that his administration will engage in “direct” nuclear talks with Iran on Saturday in Oman, while Tehran appears to remain equally steadfast in its insistence the negotiations will be “indirect.”

Middle East envoy Stever Witkoff is scheduled to travel to Oman, where he could potentially be meeting with Iranian Foreign Minister Abbas Araghchi, though the Iranian official has so far maintained the talks will be held through a third party.

While it remains unclear who will get their way regarding the format of the discussions, Iran expert and senior fellow at the Foundation for Defense of Democracies, Behnam Ben Taleblu, said this public controversy between Washington and Tehran is all a game of leverage.

“Both sides have an incentive to either overrepresent or underrepresent what is happening,” he told Fox News Digital. “These are often the negotiations before the negotiations.” 

IRAN MULLS PREEMPTIVE STRIKE ON US BASE AFTER TRUMP BOMB THREATS

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President Donald Trump speaks to reporters as he signs executive orders in the Oval Office on April 9, 2025. (Getty Images)

“For the White House, the desire to be seen as having direct talks with the Islamic Republic is high,” he said, pointing to the lack of direct engagement between Washington and Tehran dating back to his first term and the regime’s deep disdain for the president, as witnessed in an apparent assassination attempt. 

While the Iranian government has long held contempt for the U.S., a sentiment that has persisted for decades, Trump is “very different,” Ben Taleblu said.

The security expert highlighted the 2020 assassination of top Iranian Gen. Qasem Soleimani, the crippling effect of the U.S.-sanctioned maximum-pressure campaign and Trump’s open support for the Iranian people as the major issues that have rankled the Iranian regime.

“Trump is a very bitter pill to swallow, and I think the supreme leader of Iran once said that the shoe of Qasem Soleimani has more honor than the head of Trump,” Ben Taleblu said. “Being seen as directly negotiating with someone [like that] would be making the Islamic Republic look like a supplicant. 

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“The U.S. wants to be seen as having driven Iran to the negotiating table, and the Islamic Republic does not want to be seen as being driven to the negotiating table,” he added. 

Iranian General Qasem Soleimani

Iranian Quds Force commander Qassem Soleimani is shown in 2016. (Press Office of Iranian Supreme Leader/Anadolu Agency/Getty Images)

AHEAD OF TRUMP ADMIN-IRAN TALKS, NEW REPORT SAYS IRAN NUCLEAR THREAT RISES TO ‘EXTREME DANGER’

Tehran’s chief advantage is the fact that, despite severe U.S. sanctions and geopolitical attempts to halt its development of a nuclear weapon, it has made serious gains in its enrichment of uranium to near-weapons-grade quality, as well as with its missile program, a critical component in being able to actually fire a nuclear warhead.

It also has drastically closer ties with chief U.S. adversarial superpowers like Russia and China, whose position and involvement in countering Western attempts to disarm a nuclear Iran remains an unknown at this point. 

While Iran holds significant leverage when it comes to negotiating with the Trump administration on its nuclear program, Washington has a plethora of levers it can use to either incentivize or coerce Tehran into adhering to international calls for the end of its nuclear program.

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“The U.S. actually has a heck of a lot of leverage here,” Ben Taleblu said, pointing to not only more economic sanctions, including “snapback” mechanisms under the United Nations Security Council, but also military options.

Trump last month threatened to “bomb” Iran if it did not engage in nuclear talks with the U.S.

But some have questioned how long the administration will allow negotiations to persist as JCPOA-era snapback sanctions expire in October 2025.

The White House would not confirm for Fox News Digital any time restrictions it has issued to Iran, but Trump on Wednesday told reporters, “We have a little time, but we don’t have much time.”

Iran nuclear

The Foundation for Defense of Democracies analyzed where Iran’s nuclear infrastructure is located. (Foundation for Defense of Democracies)

TIME IS RUNNING OUT TO STOP IRAN FROM MAKING NUCLEAR BOMB: ‘DANGEROUS TERRITORY’

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“The regime has its back against the wall,” Ben Taleblu said. “A military option, given what has been happening in the Middle East since Oct. 7, 2023, is an increasingly credible option against the Islamic Republic of Iran.”

“And the regime is engaging, now, to delay and prevent a military option from ever materializing,” he added. “They are hoping to use talks with the Americans as a human shield against the Israelis.”

“So long as you’re talking to America, the Israelis aren’t shooting at you,” Ben Taleblu continued. 

Trump this week said that it would be Israel who would take the lead on a military strike on Iran, not the U.S., should nuclear talks fail, which again could be a negotiating tactic as Israel has already demonstrated it will not hesitate to militarily engage with Iran.

“Pursuing wholesale disarmament of the Islamic Republic of Iran is incredibly risky, and it doesn’t have a great track record of succeeding,” Ben Taleblu said.

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Israeli Prime Minister Benjamin Netanyahu talks to President Donald Trump during a meeting in the Oval Office on April 7, 2025.

Israeli Prime Minister Benjamin Netanyahu talks to President Donald Trump during a meeting in the Oval Office on April 7, 2025. (Kevin Dietsch/Getty Images)

The Iranian expert said the only way to actually take on the Islamic Republic would be through a “broader” and “more holistic” strategy that focuses not only on nuclear nonproliferation but removing the “Axis of Resistance,” scaling up sanctions and having a “ground game” to counter the regime through cyber, political and telecommunication strategies “for when Iranians go out into the street and protest again.”

“What the Islamic Republic would always want is to have you focus on the fire and not on the arsonist, and the arsonist is quite literally a regime that has tried to kill this president,” Ben Taleblu said.

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US envoy Witkoff meets Putin in Russia over Ukraine war

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US envoy Witkoff meets Putin in Russia over Ukraine war

The Kremlin says Witkoff ‘will bring something from his president to Putin’ in push for a Ukraine peace settlement.

United States President Donald Trump’s special envoy, Steve Witkoff, is holding talks with Russian President Vladimir Putin in Saint Petersburg to discuss the war in Ukraine, according to the Kremlin.

Kremlin spokesperson Dmitry Peskov confirmed on Friday that Witkoff and Putin were in the Russian city.

“The painstaking work continues. Naturally, Witkoff, as a special representative of President Trump, will bring something from his president to Putin,” Peskov was quoted as saying by Russia’s TASS news agency.

“Putin will listen to it. The conversation on various aspects of the Ukrainian settlement will continue.”

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Earlier on Friday, Russian state media published footage of Witkoff and Russia’s economic negotiator, Kirill Dmitriev, leaving a hotel in Saint Petersburg.

Talks to secure a ceasefire deal to end the Ukraine war have stalled amid negotiations on the conditions to end the conflict.

At the end of March, Trump said he was “very angry” and “p****d off” after Putin criticised the credibility of Ukrainian President Volodymyr Zelenskyy’s leadership.

Trump told NBC News: “If Russia and I are unable to make a deal on stopping the bloodshed in Ukraine, and if I think it was Russia’s fault – which it might not be – but if I think it was Russia’s fault, I am going to put secondary tariffs on oil, on all oil coming out of Russia.”

Last month, Putin rejected a joint US-Ukrainian proposal for a complete and unconditional ceasefire.

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While Russia and Ukraine agreed to halt attacks on energy infrastructure in March, both sides have accused each other of continuing attacks.

Mending ties

Witkoff has quickly become a key figure in discussions between Washington and Moscow as frosty tensions during former President Joe Biden’s administration have eased.

After his last meeting with Putin, Witkoff said the Russian president was a “great leader” and “not a bad guy”.

More recently, US and Russian officials held talks on Thursday in Turkiye.

Both sides said they had made progress towards normalising the work of their diplomatic missions.

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That same day, Russia freed Russian American Ksenia Karelina from prison in exchange for the suspected tech smuggler Arthur Petrov.

Russian Foreign Minister Sergey Lavrov said that prisoner exchanges helped build “trust, which is much needed” between the two sides after ties deteriorated under Biden.

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