Russia buys $3 billion worth Ukrainian bonds

[unhappycamper]

http://www.adn.com/2013/12/24/3244920/russia-buys-3-billion-worth-ukrainian.html



A man plays accordion during a Pro-European Union rally in Independence Square in Kiev, Ukraine, Monday, Dec. 23, 2013. Ukraine has been stricken with mass protests for over a month. Protesters are demanding President Viktor Yanukovych's resignation over his decision to ditch a pact with the European Union in favor of closer ties with Russia.

Russia buys $3 billion worth Ukrainian bonds
The Associated Press
December 24, 2013 Updated 19 minutes ago

MOSCOW — Russia has bought $3 billion worth of Ukrainian bonds in a bid to support its neighbor's economy, Prime Minister Dmitry Medvedev said Tuesday.

Ukrainian President Viktor Yanukovych has faced daily protests against his surprise decision last month to drop a landmark deal with the European Union. Last week, Yanukovych secured a deal with his counterpart Vladmir Putin whereby Russia slashes gas prices for Ukraine and buys $15 billion worth of Ukrainian government bonds.

The opposition says the agreements are a sell-out but Ukraine's Prime Minister Mykola Azarov said Russia's bond purchase has helped pull Ukraine from the financial abyss.

Medvedev met with Azarov in Moscow on Tuesday and announced that Russia bought the first batch of bonds worth $3 billion on Monday. He did not indicate, however, when Russia was going to buy more Ukrainian debt.

[dipsydoodle]

1. First $3 billion of fifteen

which to a certain extent only bails them out for the next 12 months.

Not sure what economic model that holds water the opposition have in mind.