POST Online Media Lite Edition


Russia and Ukraine sign the deal

Staff writer |
Russia and Ukraine signed an agreement after Kremlin talks between Ukrainian President Viktor Yanukovych and Russian President Vladimir Putin aimed at removing trade obstacles between the two neighbours and boosting economic ties.

The agreement "on the removal of trade limitations" for 2013 and 2014 was signed by Russian Economy Minister Alexei Ulyukayev and his Ukrainian counterpart Igor Prasulov.

Russian Finance Minister Anton Siluanov said Moscow would tap a National Welfare Fund to buy $15 billion worth of Ukrainian Eurobonds. The deal boosted the price of Ukraine's dollar debt, a sign of investors' confidence.

Ukraine's Naftogaz energy company will pay Russia's Gazprom $268.5 per 1,000 cubic meters of natural gas, on which it is heavily dependent. The previous price had been about $400 per 1,000 cubic meters.

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