Russian Loans Frozen Until Ukraine Elections Pass
Russia will wait for the results of Ukraine’s Presidential elections in May before making further payments from the USD 15 B loan package.
The first USD 3 B of the deal, agreed between ousted President Viktor Yanukovych and Vladimir Putin was transferred to Kiev in December.
“As for the remaining USD 12 B, we will discuss it with the Ukrainian government when we see a legitimate partner, at least after the elections”, Russian Economic Development Minister Alexei Ulyukayev said, quoted by RIA Novosti.
Meanwhile, the interim Ukrainian leadership has been negotiating bailout packages with the European Union, International Monetary Fund, and the United States.
- » EU Commissioner Johannes Hahn to Visit Macedonia Tuesday
- » False Bomb Threat Fails to Disrupt FIFA Congress
- » Serbian PM Expresses Readiness to Reduce Country's Dependence on Russian Gas
- » Macedonia's Crisis Affecting Entire Region, Zaev Tells Bulgaria PM
- » Cyprus Talks Mark Progress as Presidents Agree to Open Two New Crossings
- » India Heats Death Toll Surpasses 2,000 People