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Azarov: Russia Deal 'Saved Ukraine from Bankruptcy'

World | December 18, 2013, Wednesday // 15:24| Views: 777 | Comments: 0
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Bulgaria: Azarov: Russia Deal 'Saved Ukraine from Bankruptcy' Ukrainian Prime Minister Mykola Azarov, photo EPA/BGNES

Ukraine’s decision to sign an aid agreement with Russia has saved the country from bankruptcy, according to Ukrainian PM Mykola Azarov.

On Tuesday, Russia agreed to buy USD 15 B worth of Ukrainian government bonds and cut prices for natural gas.

"The agreements between the Ukrainian and Russian presidents allow us to plan the years to come as years of development and people's confidence about their stable lives,” Azarov has told his ministers in Kiev, according to the BBC.

He said a pact to lower gas prices by about a third would allow for "a revival of economic growth".

However, Ukraine's pro-Western opposition has demanded to know what Ukraine offered Russia in return.

The agreement between Ukraine and Russia comes against a backdrop of mass protests in the Ukrainian capital over the decision of President Viktor Yanukovych to back out of a strategic association agreement with the EU.

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