“The fund is directly financing terrorism by providing support to Ukraine,”  the International Monetary Fund (IMF) Executive Director for Russia, Aleksei Mozhin told 

Mozhin pointed out that he had repeatedly raised the issue during the meetings of the IMF Board of Directors. The IMF’s loans to Ukraine mainly allow it to close the old ones, and there is virtually no net increase in the fund’s assets being provided to Kiev, Mozhin added.

 At the end of April, Ukraine’s Ministry of Finance announced that Western countries and the IMF had provided Kiev with just under $12 billion to finance the state budget since the beginning of this year, with most Western aid being loans.