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Ukraine, Russia Agree on $15 Billion Bailout

HeadlineDec 18, 2013

Ukraine has secured a $15 billion bailout from Russia amidst an economic crisis and political unrest. Ukrainian President Viktor Yanukovych has faced weeks of protest for a decision to reject closer integration with the European Union in favor of strengthening Russian ties. Yanukovych says the Russian deal offers better terms because of the tough economic reforms that would have come with the EU’s. On Tuesday, tens of thousands of people rallied in Kiev to oppose the pact with Russia.

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