Russian Billions to Buoy Yanukovych as Ukraine’s Economy Decays - Bloomberg:
"President Viktor Yanukovych’s rush to buoy his popularity with handouts after securing $15 billion of Russian aid risks exacerbating Ukraine’s economic tailspin.
A day after the Russian deal, Premier Mykola Azarov vowed to raise social spending such as minimum wages and child benefits, and increase public paychecks three times before 2015 presidential elections. Yanukovych trails opposition leaders including ex-heavyweight boxer Vitali Klitschko in polls.
The president is battling the biggest street protests since the Orange Revolution almost a decade ago as his government struggles to revive an economy stuck in its third recession since 2008. Before accepting the Russian cash, Ukraine snubbed an International Monetary Fund deal that would have narrowed the budget gap and stemmed central bank support for the hryvnia."
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