• published: 26 Feb 2014
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Citizens in the pro-Russian port of Sevastopol, Ukraine, are angry and fearful of a new Ukrainian government.RUSSIA Increases Influence by BUYING 2 BILLION in BONDS in UKRAINE Ukraine expects to receive 2 billion from the Russian purchase of Ukraines eurobonds on Wednesday, a source in the Ukrainian government said on Monday. Earlier in the day Russia said it would buy 2 billion of Ukrainian eurobonds this week, in a move that may bolster Ukraines president and the countrys struggling currency. The money should be in the country on Wednesday, the source said. Also on Monday, the Irish stock exchange said in a statement that it approved a 1.98 billion increase in the value of Ukraines listed 5 percent 2015 note. The disbursement of the funds should help Ukraines hryvnia, which has been under pressure since anti-government protests began three months ago. Russia is expected to follow up on its promise to buy out Ukrainian government bonds by making a USD 2 B tranche this week. Russia will buy Ukrainian eurobonds to a total of USD 2 B, Russian Finance Minister Anton Siluanov told reporters, cited by Interfax. With the opposition, backed by the United States and its EU allies, pressing hard for Yanukovych to allow the formation of an independent government, the Kremlin had hinted strongly that a 15-billion lifeline would be frozen unless he produced a new government acceptable to Moscow to replace the prime minister who was removed three weeks ago to appease the protesters. But ahead of a parliament session in Kiev, when prospects for a new government are to be discussed, Russias Finance Minister, Anton Siluanov, said Moscow would buy 2-billion of Ukrainian euro bonds by the end of this week, in addition to the 3-billion it bought in late December. A Ukrainian government source said it expected the money from Russia to arrive on Wednesday. Novembers revolt, sparked by the U-turn on the EU pact, has spiraled into countrywide protests at perceived sleaze and corruption in the Yanukovych administration, and has triggered a tussle between East and West in which Yanukovych has had to ponder his future strategic alliances. As Russia beckons with the aid package -- a quick fix to plug holes in Ukraines indebted economy -- the United States and its Western allies have urged Yanukovych to move back towards an IMF-backed deal with Europe. Russias commitment to continue to drip-feed its aid package to Ukraine, as announced by Siluanov, appeared to strengthen Yanukovychs hand as he ponders a replacement for Russian-born premier Mykola Azarov, who resigned on January 28. But if he resists opposition calls for constitutional change and names another hardliner -- perhaps more suitable to Moscow -- the streets could return to uproar. Opposition leaders on Monday pressed Yanukovych again to accept curbs on his powers and let them form an independent government to end the unrest and rescue the economy. An amnesty for activists took effect on Monday after protesters ended their occupation of Kievs city hall and municipal buildings elsewhere. But tension remained high with the opposition accusing Yanukovych and his allies of delaying discussion that could lead to his relinquishing what they call dictatorial powers. abc news cbs news ap news nbc news bbc news wall street digital rt news breaking news world news global news latest news scientific news 24 hour news apocalypse news us politics white house us political news us senator US election us congressman us senate us house of representatives president obama us healthcare health insurance American politics us news ssi social security forex us disability retirement mortgage rates mortgage quote lawyer usa us uk London politics campaign finance Russia buy bonds unfreeze loans influence rubol putin corruption They suspect him of trying to slow down the momentum of the protest movement. But with foreign currency reserves depleted by repeated moves to prop up the weak hryvnia and fears of a devaluation growing by the day, Yanukovych is increasingly under pressure to name a new prime minister. People want a complete rebooting of the system, thats the main thing, said boxer-turned-politician Vitaly Klitschko, one of three opposition leaders who are pressing for a return to an old constitution that would remove presidential control of the government and the judiciary. We are being told that this constitution can only be drawn up by September. But we are in a critical situation when people are demanding to be heard immediately, he said on Monday at a meeting of parliamentary factions. Klitschko and former economy minister Arseny Yatsenyuk later met German Chancellor Angela Merkel in Berlin, where the opposition leaders called for economic help from the EU -- but not aid that could bolster Yanukovych. The amnesty came into force after scores of protesters, including a masked and club-wielding self-defence militia numbering about 100, ended a two-month occupation of city h