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Ukraine PM promises financial stability after Moscow deal

Ukrainian Prime Minister Mykola Azarov speaks during a cabinet meeting in Kiev, Ukraine, Wednesday, Dec. 18, 2013. Since the mass anti-government protests started in Ukraine about a month ago, both the authorities and the opposition have been waging an information battle in a bid to intimidate, confuse and cajole their opponents, as well as the people of Ukraine. Putin and Yanukovych both pledged Tuesday, Dec. 17, 2013, to boost economic and trade ties to expand the "strategic partnership" between the two neighbors. (AP Photo/Sergei Chuzavkov)
December 18, 2013 - 1:52 AM

KIEV, Ukraine - Ukraine's prime minister says that a bailout deal reached with Russia will guarantee financial stability in the economically troubled country.

Russian President Vladimir Putin on Tuesday pledged to buy $15 billion worth of Ukrainian government bonds and sharply cut the price of natural gas, moving to bail out his embattled Ukrainian counterpart after weeks of street protests.

The Ukrainian economy has been on the verge of default and Yanukovych has been lobbying Russia and the European Union for financial help. Azarov told a Wednesday Cabinet meeting that the Moscow agreements guarantee "people's confidence in a stable life," according to the government website.

The deal with Moscow, however, did little to appease the protesters calling on Yanukovych to turn away from Russia and renew ties with the EU.

News from © The Associated Press, 2013
The Associated Press

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