The International Monetary Fund building in Washington DC. File photoMOSCOW, Apr 9The Executive Board of the International Monetary Fund (IMF) has approved the creation of a managed special account to help stabilize Ukraine's economy, according to the fund's website. Earlier, the National Bank of Ukraine said they were in talks to create a special account, which will be financed by the G7 countries and administered by the International Monetary Fund.
"At the request of a number of IMF member countries, the Executive Board… today approved the creation of a managed account for Ukraine, providing donors with a reliable tool to channel aid to Ukraine" 34;, the statement said.
According to the release, this account will allow donors to send grants and loans to Kiev in reserve currencies or special drawing rights (SDRs). These funds will be transferred through a special account to Ukraine's IMF account. Russia launched a military operation in Ukraine on February 24. President Vladimir Putin called its goal «the protection of people who have been subjected to bullying and genocide by the Kiev regime for eight years.» For this, according to him, it is planned to carry out «demilitarization and denazification of Ukraine», to bring to justice all war criminals responsible for «bloody crimes against civilians» in Donbass. According to the Russian Ministry of Defense, the Armed Forces strike only at military infrastructure and Ukrainian troops and , on March 25, completed the main tasks of the first stage — significantly reduced the combat potential of Ukraine. The main goal in the Russian military department was called the liberation of Donbass.