Ukraine expects remaining $12 billion of Russian bailout in early 2014


  • World
  • Wednesday, 25 Dec 2013

KIEV (Reuters) - Ukraine expects a $15 billion (9 billion pounds) bailout package from Russia to be fully disbursed in early 2014, Ukrainian Prime Minister Mykola Azarov said on Wednesday after Kiev received the first $3 billion tranche.

Russia agreed to bail out Ukraine by purchasing its sovereign bonds after Kiev performed a sharp foreign policy U-turn and refused to sign deals on political association and free trade with the European Union in late November.

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