MOSCOW/KIEV (Reuters) - Russia may use special drawing rights (SDRs), a reserve asset created by the International Monetary Fund, as part of a $15 billion (£9.08 billion) bailout for Ukraine, Prime Minister Dmitry Medvedev said on Friday.
Ukraine is likely to use part of the bailout to repay its debt to the IMF. Russia agreed to bail out Ukraine by purchasing its securities after Kiev performed a foreign policy U-turn in late November and shelved plans to sign deals on political association and free trade with the European Union.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
