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News / 12 March 2009 | 17:30

Credit might worsen relations between Ukraine and Russia


Russian loan of five billion USD to Ukraine might worsen the relations between the countries, the head of the Economy institute center Leonid Vardomski.

“Taking into account the specific character of the relations between the countries I would not give that loan, as it can spoil the relations once and for all,” he said and added that there is a risk Ukraine will not pay back.

According to him, the Russian loan can be used for formation of certain political moods in Ukraine.

The expert noted that Russia should better offer Ukraine a certain sum of money, 100 or 200 million USD for example, as a non-repayable loan for settling urgent problems. The rest of the sum should be given provided that there is a money back guarantee, in case the situation in Ukraine is very difficult.

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11:56 Due to unfavorable airport weather conditions, President Viktor Yanukovych's visit to Volyn region has been posponed.
11:55 President Viktor Yanukovych has instructed Prime Minister Mykola Azarov to provide for the preparation and publication of a number of regulations required by the new Customs Code of Ukraine.

15 May 2012
16:10 President Viktor Yanukovych has arrived in Moscow, Russia on a working visit. In Moscow, President Yanukovych will take part in an informal summit of the CIS and meet with Russian President Vladimir Putin.

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