Ukraine borrows $2 billion from Moscow, signals bailout on track


  • World
  • Monday, 27 Jan 2014

KIEV (Reuters) - Ukraine is borrowing another $2 billion from Russia on the same terms as a $3 billion Eurobond sold in December, in a sign that Moscow is pushing on with a $15 billion bailout despite concern about violence at anti-government protests in Kiev.

In a geopolitical battle with the European Union after Ukraine spurned a trade pact with the 28-state bloc, Russia agreed on credits and cheaper gas for Kiev in December to help its fellow former Soviet republic meet huge debt payments.

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