News March 31: The IMF approved a record loan for Ukraine, the Russian oil price limit is not being changed

News March 31: The IMF approved a record loan for Ukraine, the Russian oil price limit is not being changed


About the IMF credit program. The IMF’s executive board on Friday approved a four-year, $15.6 billion financing package for Ukraine to help the country meet its urgent financial needs amid the ongoing war.

About the price limit for Russian oil. The European Commission has informed member states that limiting the price of Russian oil at $60 per barrel is proving effective in limiting the Kremlin’s access to petrodollars without disrupting the market, and will remain unchanged for the time being.

About a loan from Canada. The state budget of Ukraine received a soft loan from Canada in the amount of 2.4 billion Canadian dollars (1.8 billion US dollars equivalent).

About Bakhmatyuk. The higher anti-corruption court allowed a special investigation into the owner of the agricultural holding “Ukrlandfarming” Oleg Bakhmatyuk in the case of a bribe to ex-head of the Federal Security Service Roman Nasirov and his adviser.

About ChatGPT. Italy’s data protection agency said on Friday it had opened an investigation into OpenAI’s ChatGPT chatbot over suspected data collection violations.

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