The Presidential Daily Brief

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  1. IMF Approves $17 Billion Bailout for Ukraine

    The International Monetary Fund will send an immediate $3.2 billion to Kiev to help keep its government afloat as part of a bigger two-year deal. It’s a risky proposition, given Kiev’s gas debts and the fact that pro-Russian separatists are seizing government buildings in the east. Acting President Oleksandr Turchynov admits Ukraine has lost control in the east. Analysts believe the separatists’ gains and planned autonomy vote on May 11 are helping disrupt Ukraine in the run-up to its presidential election later this month. Meanwhile, Russia has said it will not rush its response to U.S. and EU sanctions.

    Sources: DWFT (sub), The GuardianNYT

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