KYIV, Nov 26 – J.P. Morgan closed its long position in Ukrainian Treasury bills and converted profits in U.S. dollars amid rising political risk in the country, the bank reported.

The International Monetary Fund delayed releasing $1.4 billion to Ukraine in the second half of the year as the government has failed to restart reforms.

The IMF was also concerned that that the Constitutional Court has recently ruled to undo important anti-corruption reforms, a key condition for any international lending to Ukraine.