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Ukraine's problems in making payments for Russian gas may be resolved by concerted efforts of European Union and Russia

June 3, 2009

Dmitry Medvedev highlighted this problem during his working meeting with Russian Deputy Prime Minister Igor Sechin.

The President stressed that Russia is ready to participate in the pool of credit to finance Ukraine's gas payments in order to help its partners. At the Russia-EU summit in Khabarovsk on May 21–22, Mr Medvedev suggested that the European Union and European financial institutions, perhaps with the aide of the International Monetary Fund (IMF), might find a way of financing these payments.

Mr Medvedev also recalled the G20 decision to create a rescue fund for the global economy of 1.1 trillion dollars. The President noted that Russia has decided to invest a significant amount in the IMF bonds. In particular, this money can be used to help economies that are in a difficult situation, including Ukraine's.

June 3, 2009