Thursday 19 December 2013

$ 15 billion aid to Ukraine not a 'gift', Russia expects a 5% return - RT Business | #EuroMaidan

$ 15 billion aid to Ukraine not a 'gift', Russia expects a 5% return - RT Business:

"Russia's decision to invest $ 15 billion in 'brotherly' Ukraine, as well as grant a $ 7 billion gas discount was pragmatic and based on economic facts, President Putin said at his annual press conference on Thursday.

The economies of Russia and Ukraine are closely connected, with trade at $ 17 billion, and Russia's "generous gift" to Kiev, as many called it, was, in fact, a well though through and pragmatic decision for Russia, Putin told over 1,000 reporters on Thursday.

Russia expects a 5 percent return on bond investments, the President added.

On Tuesday, Russia pledged to buy $ 15 billion of Ukraine debt and provide a temporary $ 7 billion gas discount; both financial buffers that will help Kiev avoid economic collapse."

'via Blog this'

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