Ukraine scores $15 billion from Russia, 33% gas discount — RT Business:
"After stringing along Russia, the EU, and the Ukrainian people, President Viktor Yanukovich has inked an agreement worth $15 billion in securities and clinched a 33 percent gas discount, choosing a quick cash solution over a long drawn out IMF bailout.
The Russian government will essentially buy $15 billion in Ukrainian debt by investing in Ukraine's national welfare fund, President Vladimir Putin announced Tuesday at a meeting with Yanukovich in Moscow.
"For the purpose of supporting the Ukrainian budget the Russian government has made a decision to invest part of the national welfare fund in an amount of 15 billion dollars in Ukrainian government securities," Putin said.
Ukraine secured a more favorable Russian gas contract, where they will now pay $268 per 1000 cubic meters of gas instead of $400, which they paid previously."
'via Blog this'
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