Ukraine president rejects EU for pact with Putin

KIEV // Ukraine’s leadership yesterday praised a Russia-financed bailout as a guarantee of financial stability, while opposition activists claimed the deal is likely to worsen economic troubles as the country’s dependence on Moscow increases.

Russian president, Vladimir Putin, on Tuesday pledged to buy US$15 billion (Dh55.1bn) worth of Ukrainian bonds and sharply cut the price of natural gas in an effort to relieve political pressure on Ukraine’s embattled president, Viktor Yanukovych.

The Ukrainian economy risks a default next year, and over the past months Yanukovych has actively lobbied both Russia and the European Union for a financial life jacket.

His decision last month to opt for a deal with Russia triggered a wave of demonstrations that have crystallised into a large, round-the-clock protest camp in Independence Square in Kiev, the country’s capital.

Prime Minister Mykola Azarov told a Cabinet meeting that the deal with Russia ensures “people’s confidence in a stable life,” while an association agreement with Europe would have given Ukraine a “New Year’s present” of “bankruptcy and social collapse,” according to the Interfax news agency.

The deal with Moscow, which apparently includes access to Russia’s market and large orders for Ukraine’s manufacturing industry, did little to appease the protesters, who have demanded that Yanukovych and Azarov resign and snap election be held in 2014.

It is unclear what Putin asked in return for his financial support, but reports suggest that Moscow wants Ukraine to purchase more natural gas and import Russian coal.

Putin said Tuesday that the two sides did not discuss Ukraine’s joining the Moscow-led Customs Union, which includes Belarus and Kazakhstan and many Ukrainians feel is an attempt to resurrect the Soviet Union. Opposition critics fear that in bailing out Ukraine, Putin might have asked Yanukovych for a commitment to join the union in the future.

Associated Press

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Chelsea: Jorginho (83'), Abraham (87')

UAE currency: the story behind the money in your pockets

What is a black hole?

1. Black holes are objects whose gravity is so strong not even light can escape their pull

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3. Large black holes can also be formed when smaller ones collide and merge

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5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed

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Result
Qualifier: Islamabad United beat Karachi Kings by eight wickets

Fixtures
Tuesday, Lahore: Eliminator 1 - Peshawar Zalmi v Quetta Gladiators
Wednesday, Lahore: Eliminator 2 – Karachi Kings v Winner of Eliminator 1
Sunday, Karachi: Final – Islamabad United v Winner of Eliminator 2

What is graphene?

Graphene is a single layer of carbon atoms arranged like honeycomb.

It was discovered in 2004, when Russian-born Manchester scientists Andrei Geim and Kostya Novoselov were "playing about" with sticky tape and graphite - the material used as "lead" in pencils.

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