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Ukraine to receive three billion dollars from Russia December 24

December 23, 2013, 14:13 UTC+3 MOSCOW
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MOSCOW, December 23. /ITAR-TASS/. Ukraine will receive three billion dollars from Russia on Tuesday, December 24. The funds are allocated from the National Welfare Fund, Russian Finance Minister Anton Siluanov told reporters.

"The deal was concluded last Friday," he said. "The final transfer of the funds will be made on Tuesday."

The Russian and Ukrainian presidents on December 17 reached an agreement that Russia would buy 15 billion dollars' worth of Ukrainian eurobond, taking money from the National Welfare Fund. Ukraine will receive the first tranche by selling three billion dollars' worth of two-year eurobond. The interest rate is five percent. The bond will be in circulation until January 1, 2016.

The organizer of the deal for Ukrainian eurobond to be bought by Russia is VTB Capital.

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