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Ukraine faces 'catastrophe' if IMF-backed budget not passed: PM

Ukrainian Prime Minister Arseniy Yatsenyuk has warned that the cash-strapped and war-scarred nation faced an “economic catastrophe” if parliament failed to pass an IMF-backed austerity budget in a Thursday vote. Deputies are set to debate legislation that could unlock the release of a delayed 1.7 billion dollar (1.6 billion euro) loan from the International Monetary Fund and other Western aid.

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