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.
- » Islamic State 'Holding Up to 20 Westerners' Hostage
- » Turkey’s Ruling Party Names Foreign Minister Davutoglu as New PM
- » Ukrainian President Likely to Dissolve Parliament Next Week
- » US Admits Secret Mission Failed to Free James Foley
- » Turkey's Ruling Party to Name New PM
- » Ukraine Ready to Compromise on Russian Gas Price