A different view in London came from Timothy Ash, strategist at BlueBay Asset Management

A different view in London came from Timothy Ash, strategist at BlueBay Asset Management: “It is hard to see any IMF review or indeed disbursements until this issue is resolved.” After disbursing $2.1 billion from a $5 billion, 18-month standby program last June, the IMF has not sent to Kyiv a review team. Alluding to the summer purge of the central bank’s Board, Ash adds: “It is fair for the IMF and markets to take some time to assess the new team and their actions.”