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You're reading: Timothy Ash: What the Russian deal means

Russia will use $15 million from its Wellbeing Fund to buy Eurobonds issued by Ukraine’s Ministry of Finance. Issuance of these bonds will presumably be staggered – albeit it is unclear over what time period. 

Russia agreed to an addendum to the 2009-2019 gas price agreement offering to cut gas prices paid by Ukraine to $268 per 1,000 cubic meters. On 2013 import volumes we estimate that this could save around $3 billion annually. 

Russia agreed to lift various trade restrictions which were imposed in the run up to the Vilnius summit. 

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