Russia reaches $15bln deal with Ukraine
- 10 years ago
Financial relief for Viktor Yanukovich.
Russia has agreed to resume oil supplies to Ukraine after a three-year break and slash the price of gas.
It's Moscow's reward to the Ukrainian President for spurning a trade deal with Europe.
It will also buy 15 billion dollars of government bonds.
(SOUNDBITE) (Russian) RUSSIAN PRESIDENT, VLADIMIR PUTIN, SAYING:
"I very much hope that we will be able to move forward in solving the most sensitive issues for us. Without any doubt, Ukraine is our strategic partner and ally in every sense of this word."
Yanukovich is in Russia hoping to avoid an economic crisis.
But closer ties with the country's former Soviet master come at a price.
Pro-European protests in the freezing Ukrainian capital, Kiev are growing daily.
Demonstrators now want Yanukovich to resign.
The government is caught in the middle and investors are concerned about what could happen next.
(SOUNDBITE) SENIOR ADVISOR, CREDI
Russia has agreed to resume oil supplies to Ukraine after a three-year break and slash the price of gas.
It's Moscow's reward to the Ukrainian President for spurning a trade deal with Europe.
It will also buy 15 billion dollars of government bonds.
(SOUNDBITE) (Russian) RUSSIAN PRESIDENT, VLADIMIR PUTIN, SAYING:
"I very much hope that we will be able to move forward in solving the most sensitive issues for us. Without any doubt, Ukraine is our strategic partner and ally in every sense of this word."
Yanukovich is in Russia hoping to avoid an economic crisis.
But closer ties with the country's former Soviet master come at a price.
Pro-European protests in the freezing Ukrainian capital, Kiev are growing daily.
Demonstrators now want Yanukovich to resign.
The government is caught in the middle and investors are concerned about what could happen next.
(SOUNDBITE) SENIOR ADVISOR, CREDI