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Live news: US says no signs Putin-Xi summit would lead to peace in Ukraine

The IMF has struck a cope with Ukraine to offer a $15.6bn mortgage and a long-awaited monetary lifeline from the multilateral lender for Kyiv to shore up its economic system.

The settlement was introduced by the IMF on Tuesday after a sequence of talks with Ukrainian authorities in Warsaw held this month. It nonetheless must be authorized by the IMF board, which is anticipated to occur within the coming weeks.

The IMF stated the programme would unfold in two levels, with the primary 12-18 months dedicated to construct “fiscal, exterior, value and monetary stability” and the second part designed to “entrench macroeconomic stability, help restoration and early reconstruction”.