The International Monetary Law states about absence of legal requirements for continuing cooperation with Ukraine during the martial law, IMF Permanent Representative to Ukraine Goesta Ljungman made the relevant statement on Monday in Kyiv.
“We observe last developments including the declaration of martial law and hope for soonest de-escalation of the current situation”, Ljungman stated.
“IMF does not have legal requirements for continuing cooperation with Ukraine in this situation”, he added.
Previously, the Verkhovna Rada approved the order of President Petro Poroshenko on declaration of martial law from November 28.
Under the procedure, the National Security and Defense Council submitted proposal to declare martial law.
Such decision was taken due to Russia’s attack in the Black Sea, which ended with capture of 3 Ukrainian ships and 23 sailors.
It should be reminded that the International Monetary Fund and Ukraine reached agreement on a new 14-month IMF Stand-By Arrangement, which will replace the Extended Financial Facility expiring in March 2019.