Russian bailout gives Ukraine economic respite but political rift deepens


  • Business
  • Wednesday, 18 Dec 2013

MOSCOW: Ukraine's President Viktor Yanukovich has secured a US$15bil bailout from Russia, offering respite for an economy heading ever closer to default but also drawing accusations he has sold his country out to its former Soviet master.

By grasping the lifeline thrown by Russian leader Vladimir Putin, Yanukovich reignited demands for his resignation by opponents at home already enraged by his decision to walk away from a trade and political deal with the European Union.

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