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Putin defends bailout for Ukraine | Putin defends bailout for Ukraine |
(about 1 hour later) | |
Russian President Vladimir Putin has said maintaining close links with Ukraine is vital for Russian national interests. | Russian President Vladimir Putin has said maintaining close links with Ukraine is vital for Russian national interests. |
"We just want to defend our gates," he told journalists in Moscow, days after Russia gave Ukraine a $15bn (£9.2bn; 10.9bn euros) bailout and gas discount. | "We just want to defend our gates," he told journalists in Moscow, days after Russia gave Ukraine a $15bn (£9.2bn; 10.9bn euros) bailout and gas discount. |
Ukraine, he said, was a fraternal state with close industrial ties to Russia. | Ukraine, he said, was a fraternal state with close industrial ties to Russia. |
Protests have gripped much of Ukraine since President Viktor Yanukovych suspended the EU deal last month. | Protests have gripped much of Ukraine since President Viktor Yanukovych suspended the EU deal last month. |
The opposition has been demanding to know what, if any, conditions the Kremlin attached to its decision to buy $15bn in Ukrainian government bonds and slash the gas price from more than $400 per 1,000 cubic metres to $268.5. | The opposition has been demanding to know what, if any, conditions the Kremlin attached to its decision to buy $15bn in Ukrainian government bonds and slash the gas price from more than $400 per 1,000 cubic metres to $268.5. |
Russia's financial help averted a debt crisis for Ukraine in the short term. | Russia's financial help averted a debt crisis for Ukraine in the short term. |
At a news conference in Kiev on Thursday, Mr Yanukovych said the deal with Moscow did not run counter to Ukraine's course towards European integration. | |
Mr Putin is known for his marathon, tough-talking annual news conferences, which can run past four hours. | Mr Putin is known for his marathon, tough-talking annual news conferences, which can run past four hours. |
On other issues addressed on Thursday, he | On other issues addressed on Thursday, he |
'Agricultural appendage' | 'Agricultural appendage' |
"We always say seriously that Ukraine for us is a fraternal country," Mr Putin said. | "We always say seriously that Ukraine for us is a fraternal country," Mr Putin said. |
"And in a difficult situation, we are always ready to support a fraternal people. I assure you, that is the only objective reason [for the financial aid]." | "And in a difficult situation, we are always ready to support a fraternal people. I assure you, that is the only objective reason [for the financial aid]." |
"We cannot leave our economy unprotected if Ukraine joins the association [agreement]," Mr Putin said. | "We cannot leave our economy unprotected if Ukraine joins the association [agreement]," Mr Putin said. |
He gave as an example of close industrial relations the fact that "nearly 100%" of helicopter engines for Russia's armed forces were manufactured in Ukraine. | He gave as an example of close industrial relations the fact that "nearly 100%" of helicopter engines for Russia's armed forces were manufactured in Ukraine. |
Ukraine, he argued, would not find a market for the engines elsewhere. The EU, he suggested, was only interested in Ukraine as an "agricultural appendage". | Ukraine, he argued, would not find a market for the engines elsewhere. The EU, he suggested, was only interested in Ukraine as an "agricultural appendage". |
Ukraine, the Russian president said, would need investment of hundreds of billions of dollars to bring its economy up to EU standards. | Ukraine, the Russian president said, would need investment of hundreds of billions of dollars to bring its economy up to EU standards. |
Mr Yanukovych blamed Ukraine's current economic problems on the policies of his predecessors, the leaders of Ukraine's pro-Western Orange Revolution. | |
Asked why the Ukrainian economy was in such trouble, Mr Yanukovych said the gas contract signed with Russia by former Prime Minister Yulia Tymoshenko in 2009 had incurred a loss of $20bn. | |
Another problem, he said, was the repayment of an IMF loan of $16.4bn negotiated in 2008, and a third factor was the recent fall in trade with Russia and other ex-Soviet states. | |
Asked about his position on the Customs Union led by Russia, he said that Ukraine only had observer status but he suggested that it could adopt certain clauses. | |
"Ukraine's government is studying these clauses and, once conclusions are drawn, the corresponding transparent decisions will be taken on which clauses we will adhere to," he said. | |
Ukraine's pro-EU protesters have rejected any move to join the Customs Union, which was set up in 2010 and includes Russia, Belarus and Kazakhstan. |