Tuesday 17 December 2013

Russia to lend Ukraine US$ 15 billion and cut prices of natural gas

Russia agreed to lend Ukraine $15 billion and cut prices for natural gas, striking a deal to bail out its crisis-stricken neighbor to stave off possible economic collapse amid large-scale protests in Kiev over the rejection of a trade deal with the European Union.
The high-stakes deal comes as thousands of Ukrainians have been protesting President Viktor Yanukovych's government for weeks, which has put additional pressure on Ukraine's bonds and currency.

Source: WSJ

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