Wednesday 18 December 2013

Foreign investors wary as Ukraine plumps for Russia | beyondbrics - #EuroMaidan

Foreign investors wary as Ukraine plumps for Russia | beyondbrics:

"
Ukraine’s president may have managed to secure a deal from Russia to prevent his country plunging into crisis but observers warn an expected upsurge in political instability will have investors looking for an exit.

After turning his back on the European Union in November by failing to sign association and free trade agreements, Viktor Yanukovich, Ukraine’s president, flew to Moscow on Tuesday to hammer out a controversial backroom deal with Vladimir Putin, his Russian counterpart. The result: Russia will buy $15bn worth of Ukrainian government bonds and cut the price it charges for natural gas $400 per 1,000 cubic metres to $268.50."

'via Blog this'

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