Latest News:

Democratic National Convention: What to watch for at Biden’s nomination party -

Monday, August 17, 2020

Republicans dismiss Trump proposal to delay election -

Thursday, July 30, 2020

Obama calls filibuster ‘Jim Crow relic,’ backs new Voting Rights Act bill -

Thursday, July 30, 2020

Donald Trump suggests delay to 2020 US presidential election -

Thursday, July 30, 2020

US teenager wins $3m playing computer game Fortnite -

Sunday, July 28, 2019

Dozens of mourners ‘killed by Boko Haram’ at a funeral in north Nigeria -

Sunday, July 28, 2019

Dan Coats, Trump’s top intel official, to depart White House -

Sunday, July 28, 2019

Donald Trump’s power dynamic with Nancy Pelosi will be on full display at the State of the Union -

Tuesday, February 5, 2019

Pennsylvania poll: Clinton up by 9 points – QuestCinq.com -

Thursday, July 28, 2016

Your Ports!! – QuestCinq.com -

Wednesday, July 13, 2016

In shadow of Brexit, NATO considers Russian deterrence – QuestCinq.com -

Wednesday, July 6, 2016

Italy vs Spain,England vs Iceland; Boston Red Sox vs Tampa Bay Rays – QuestCinq.com -

Monday, June 27, 2016

Foreign diplomats voicing alarm to U.S. officials about Trump – QuestCinq.com -

Monday, March 7, 2016

Trump grants press credentials to ‘pro-white’ radio show host – QuestCinq.com -

Wednesday, March 2, 2016

Supreme Court rejects Arizona sheriff’s appeal on immigration – QuestCinq.com -

Tuesday, January 19, 2016

Hawking: Humans at risk of lethal ‘own goal’ – QuestCinq.com -

Tuesday, January 19, 2016

ObamaCare supporters see wall of resistance cracking in South – QuestCinq.com -

Saturday, November 21, 2015

Attaque revendiquée par l’EI au Bangladesh: un mort et 80 blessés -

Saturday, October 24, 2015

Russia says wants Syria elections, ready to help Free Syrian Army -

Saturday, October 24, 2015

Hillary Clinton calls Republican’s impeachment vow ‘pathetic’ -

Saturday, October 24, 2015

Russia gives breakdown of $15 billion Ukraine bailout

QuestCinq.com/News

– Russia will tap into a rainy-day fund for most of the $15 billion bailout it promised Ukraine after Kiev scrapped plans for European Union deals that would have pulled it further from Moscow’s orbit, Finance Minister Anton Siluanov said.

President Vladimir Putin agreed the aid package with Ukraine in December, throwing the ex-Soviet state a lifeline in what was widely seen as a reward for a U-turn that prompted protests which persist in Kiev and have been marked by violence.

Russia will turn to its National Welfare Fund for $10 billion, Siluanov told Ekho Moskvy radio on Thursday.

The other $5 billion is coming from special drawing rights (SDRs), a reserve asset created by the International Monetary Fund, he said. Officials had said both sources would probably be used for the bailout, but had not given a breakdown.

“A decision was taken to support our neighbor’s economy,” Ekho Moskvy quoted him as saying. “It is not in our interest for the situation to worsen sharply.”

Some in Russia have grumbled about using cash that is supposed to be kept for helping its growing population of pensioners to aid its neighbor.

Kiev needs cash to cover its external funding gap, while the central bank’s currency reserves are depleted by efforts to support the hryvnia and repay foreign debt.

The Ukrainian government owes around $8 billion in foreign debt payments this year. Ukraine owed $2.7 billion for gas at the end of 2013, according to Russian gas company Gazprom, so some of the money will come back to Russia.

Siluanov said the rate on the package of credits was 5 percent and that they would come due on January 1, 2016, Ekho Moskvy reported.

Russia closed a deal in late December to buy Ukraine’s newly-issued $3 billion Eurobond, the first part of the bailout.

Source:Reuters

Comments are closed.

Yahoo! Status Checker by Techya