Ukraine crisis: Russia to release new $2B — Moscow wants Ukraine to join the Russia-led Customs Union, with Belarus and Kazakhstan

#AFN2014 says adds to my post today on the `tranche of $2 billion and the `gas concessions’

 

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#acefinancenews, #2-billion, #anton-siluanov, #european-union, #kiev, #moscow, #russia, #tranche, #ukraine

#Russia : ” Purchasing another `Tranche of Ukrainian Eurobonds’ worth `$2 Billion”

#AceFinanceNews says that `Russia is to Buy a Second $2 Billion Tranche of Ukrainian Eurobonds, according to RFMAnton Siluanov.

English: NOVO-OGARYOVO. Meeting on deliveries ...

English: NOVO-OGARYOVO. Meeting on deliveries of Russian gas to Ukraine. Русский: NOVO-OGARYOVO. Meeting on deliveries of Russian gas to Ukraine. (Photo credit: Wikipedia)

Russia will purchase another tranche of Ukrainian eurobonds worth $2 billion, Russian Finance Minister Anton Siluanov told reporters on Monday. 

“This week, two billion,” Siluanov said while answering the question about when Russia is to get the next tranche.

In mid-December 2013 Russia agreed to grant Ukraine a $15 billion loan and a 33 percent gas discount.

At the end of last year Russia bought the first bonds worth $3 billion dollars at 5 percent interest.

As part of the agreement Moscow will use $5 billion it holds in the form of a Special Drawing Rights (SDR), with another $10 billion coming from the National Welfare Fund.

At the end of January Ukraine said it would issue another $2 billion worth of government bonds to Russia, with the same conditions as the previous $3 billion bond sale in December.

 

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” Mission of `International Lenders ‘will return to `Greece’ this week to`Review’ Reforms”

#AceFinanceNews say that `Eurogroup’ says troika to return to Greece this week, as there has been no progress in discussions with `Greek‘ authorities.

European Central Bank

A mission of international lenders will return to Greece later this week to review progress made in delivering on the country’s reforms, the chairman of euro-zone finance ministers, Jeroen Dijsselbloem, has said.

The International Monetary Fund (IMF), the European Commission and the European Central Bank interrupted a visit to Athens last year because there was no progress in discussions with Greek authorities.

This has held up disbursements of loans due since September 2013, Reuters said.

The main sticking point is how Athens would plug a gap in this year’s budget, estimated at 1 billion euro.

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#acefinancenews, #athens, #eurogroup, #european-central-bank, #european-commission, #greece, #international-monetary-fund, #jeroen-dijsselbloem, #reuters