Former Russian finance minister doubts Ukraine ability to repay bailout - World - News - Ukraine Business Online:
"Ukraine’s sudden eastward shift in policy was the result of a deal made in negotiations between Presidents Vladimir Putin and Viktor Yanukovych.
For Ukraine the deal provided a much-needed loan to revive a mismanaged economy on the verge of collapse. For Russia, it meant a decision by Putin to raid the National Wealth Fund of $15 billion with an unusual payback mechanism operated through Ukraine sovereign debt securities registered on an exchange in Ireland.
Russia’s National Wealth Fund is not intended for such purposes but in the Russian political climate, a decision by the president settled the matter."
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