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Ukraine's foreign debt almost doubled to $105 bln in Jan.-Sept.

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Ukraine's gross foreign debt almost doubled in the first nine months of 2008 and stood at $105 billion as of October 1, a spokesman for the ex-Soviet country's National Bank said on Wednesday.
KIEV, December 17 (RIA Novosti) - Ukraine's gross foreign debt almost doubled in the first nine months of 2008 and stood at $105 billion as of October 1, a spokesman for the ex-Soviet country's National Bank said on Wednesday.

Ukrainian banks contributed most to the foreign debt growth: their debt trebled to $42 billion from January through September.

Ukraine was swept in October by a financial crisis caused by the ongoing global credit crunch. The country's key exporters - the steel and chemical sectors - were hit hardest.

The International Monetary Fund has agreed to lend Ukraine $16.43 billion to stabilize domestic economy. Ukraine has so far received the first $4.5 billion of the loan.

The parliament has passed anti-crisis legislation to help it deal with the situation.

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