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Russia Offers Ukraine a Discount on Gas Bill Print E-mail
by Tom McGregor    Mon, Dec 16, 2013, 07:55 PM

Amidst massive pro-EU protests in Kiev, Ukraine President Viktor Yanukovych is making a trip to Moscow to negotiate a major discount on his country's gas bill coming from Russia.

The BBC News reports that, "Ukrainian President Viktor Yanukovych is to discuss closer co-operation with Russia, as protests continue in Ukraine over his move not to sign an EU deal. Securing badly needed loans and a discount on Russia's gas are reportedly on the agenda when Mr Yanukovych meets President Vladimir Putin."

The Ukraine is on the brink of bankruptcy, while the EU and the IMF are refusing to negotiate a deal with the government, unless they shut down a Russian gas pipeline that goes through the Ukraine.

According to the BBC News, "Mr Yanukovych is expected to meet Mr Putin at 15:00 local time (11:00 GMT). With talks on resuming credit from the International Monetary Fund stalled, Ukraine requires urgent financial assistance in the coming months to keep the economy afloat."

Kiev needs approximately $17 billion to pay its gas bill to Moscow.

To read the entire article from the BBC News, link here:

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