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Wednesday, December 18, 2013

Ukraine Opposition Demands Russia Agreement Details

Opposition leaders in Ukraine have demanded to know what President Viktor Yanukovych has offered Russia in return for a major economic lifeline

Russian President Vladimir Putin has agreed to buy billions of dollars worth of Ukrainian Govt Bonds and slash the price Ukraine pays for Russian gas

Russian President Vladimir Putin said the assistance was not "tied to any conditions".

The cost of Russian gas supplied to Ukraine has been slashed from more than $400 (£245; 291 euros) per 1,000 cubic metres to $268.5

Ukraine relies on imports of Russian gas and heavy energy-intensive industries in eastern Ukraine are especially anxious to keep the price of gas down.

Ukraine urgently needs to cover an external funding gap of up to $17bn (£10.4bn; 12.3bn euros) next year to avoid defaulting on its debts

After talks between Russian President Vladimir Putin and Ukrainian President Viktor Yanukovych in the Kremlin, it was announced Russia would buy $15bn-worth of Ukrainian government bonds

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