12:27 24.12.2013

Purchase of Ukrainian bonds by Russia a very serious stabilizing factor for Ukraine - Azarov

2 min read
Purchase of Ukrainian bonds by Russia a very serious stabilizing factor for Ukraine - Azarov

Ukraine's rating has climbed after the agreements signed with Russia and it helped the country emerge from economic crisis, Ukrainian Prime Minister Mykola Azarov has said.

"Our ratings have gone up thanks to the agreements reached. We got out of the [danger] zone in which we found ourselves," he said at a meeting with Russian Prime Minister Dmitry Medvedev in Moscow on Tuesday.

He said that the transfer of $3 billion to the National Bank of Ukraine (NBU) for the first tranche of Ukrainian sovereign bonds by Russia "is a very important stabilizing factor" for the country.

Azarov confirmed that the NBU had received the first tranche on its account.

He thanked the Russian leadership for the decisions made and said that the agreements were being implemented in the short terms.

"In the terms that allow us to solve a number of problems. We see the year 2014 in terms of the re storation of our trade and economic relations, especially with Russia. We are already planning to achieve the level of at least the year 2011," he said.

Azarov said that for Ukraine this means jobs, enterprises, budget revenues and wages.

"Therefore, we have to realize at the government level all what the presidents agreed on, and I'm definitely convinced of this," he said.

He also thanked for an invitation to attend a summit of the Supreme Eurasian Economic Council, noting that President Viktor Yanukovych "was unable to come and order me to participate."

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