Ukraine has gotten some breathing room, but at what cost? President Viktor Yanukovych and Russia’s Vladimir Putin today announced that Moscow will invest $15 billion in Ukrainian government securities while cutting the price Kiev pays for Russian gas imports by about one-third.
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Bloomberg Businessweek: Ukraine cuts a deal it soon could regret
Ukrainian President Viktor Yanukovych winks at Russia's President Vladimir Putin (R) during a signing ceremony at the Kremlin in Moscow, on December 17, 2013. Putin said that the state energy companies of Russia and Ukraine had signed an amended agreement slashing the price Moscow charges its cash-strapped neighbour for natural gas.
