Mobile  |  About us  |  Photos  |  Videos  |  Subscriptions  |  RSS Feeds  |  Today's Paper  |  Classifieds  |  Contact Us
The Daily Star
SUNDAY, 20 APR 2014
07:42 PM Beirut time
Weather    
Beirut
23 °C
Blom Index
BLOM
1,214.01down
International
Follow this story Print RSS Feed ePaper share this
Russia holds out prospect of loan for Ukraine
Reuters
Laser rays light over the crowd of pro-European Union activists during a rally in the Independence Square in Kiev, Ukraine Sunday, Dec. 15, 2013. (AP Photo/Dmitry Lovetsky)
Laser rays light over the crowd of pro-European Union activists during a rally in the Independence Square in Kiev, Ukraine Sunday, Dec. 15, 2013. (AP Photo/Dmitry Lovetsky)
A+ A-

MOSCOW: A Kremlin aide made clear on Monday that Russia was ready to extend a credit to Ukraine to help Kiev cope with its economic problems and keep the country in Moscow's orbit.

Economic adviser Andrei Belousov said it was possible that a credit could be agreed at talks on Tuesday between Russian President Vladimir Putin and Ukrainian President Viktor Yanukovich, who has turned to Moscow for help after spurning a free trade deal with the European Union last month.

"I do not rule out that, if there is a request, a credit could be provided (to Ukraine)," Interfax news agency quoted Belousov as saying.

"The situation in Ukraine is now such that without loans, from one side or another, they will simply fail to maintain economic stability."

Ukraine is seeking help to cover an external funding gap of $17 billion next year - almost the level of the central bank's depleted currency reserves.

Belousov did not say how much Russia might be ready to loan Ukraine.

Yanukovich has faced street protests since Kiev's U-turn away from Europe, but Ukrainian officials have made clear they do not think the EU is prepared to come up with enough money to help Ukraine through its economic difficulties.

The EU on Sunday suspended work on the trade and political pact it has been negotiating with Ukraine, and has accused Russia of putting heavy pressure on the former Soviet republic not to move closer to the EU.

But Yanukovich has not said whether he will bow to Russia's calls to take his country into a Moscow-led customs union with Belarus and Kazakhstan.

Apart from loans, Ukraine is seeking a lower price for Russian gas - now at around $400 per 1,000 cubic metres - to help it cope with its debt burden.

Ukrainian Prime Minister Mykola Azarov was quoted as saying on Sunday that he hoped a deal on a cheaper price for gas deliveries would be concluded.

 
Home International
 
     
 
Russia / Ukraine
Advertisement
Comments  

Your feedback is important to us!

We invite all our readers to share with us their views and comments about this article.

Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.

comments powered by Disqus
Advertisement


Baabda 2014
Advertisement
Follow us on Facebook Follow us on Twitter Follow us on Linked In Follow us on Google+ Subscribe to our Live Feed
Multimedia
Images  
Pictures of the day
A selection of images from around the world- Saturday April 19, 2014
View all view all
Advertisement
Rami G. Khouri
Rami G. Khouri
Why Israeli-Palestinian talks fail
Michael Young
Michael Young
Why confuse gibberish with knowledge?
David Ignatius
David Ignatius
Echoes of 1914 characterize the Ukraine crisis
View all view all
Advertisement
cartoon
 
Click to View Articles
 
 
News
Business
Opinion
Sports
Culture
Technology
Entertainment
Privacy Policy | Anti-Spamming Policy | Disclaimer | Copyright Notice
© 2014 The Daily Star - All Rights Reserved - Designed and Developed By IDS