RUSSIA REACHES DEAL WITH UKRAINE ON $15-BILLION BAILOUT

17.12.13




3:57pm GMT

By Darya Korsunskaya

MOSCOW (Reuters) - Russia threw Ukraine an economic lifeline on Tuesday, agreeing to buy $15 billion (£9.23 billion) of Ukrainian debt and to reduce the price its cash-strapped neighbour pays for vital Russian gas supplies by about one-third.

The deal, reached at talks in Moscow between the Russian and Ukrainian leaders, is intended to help Ukraine stave off economic crisis though Moscow will hope it keeps Kiev in its political and economic orbit.

The agreement could also fuel protests in Kiev against Ukrainian President Viktor Yanukovich, who faces accusations of "selling" Ukraine to the highest bidder after spurning a trade deal with the European Union and turning to Moscow for help.

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SEE ALSO:

Bloomberg: Ukraine Getting $15 Billion From Russia Raises Questions

Wall Street Journal: Russia to Lend Ukraine $15 Billion and Cut Gas Prices

Financial Times: Russia cuts deal to finance Ukraine

The Guardian: Vladimir Putin offers Ukraine financial incentives to stick with Russia

Reuters: New German minister criticises Russia, EU over Ukraine

More to follow...


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