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21:07 20/05/2009

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MOSCOW, May 20 (RIA Novosti) - Russia has not yet decided whether to allocate Ukraine a $5 billion loan to help its economy overcome the global recession, a deputy Russian finance minister said on Wednesday.

"Ukraine requested the loan in February 2009. The issue has been considered, and at the current moment, the loan has not been issued, a decision on the loan has not been made," Dmitry Pankin told RIA Novosti.

He added that Moscow and Kiev, which is seeking NATO and EU membership, were continuing to maintain contacts on cooperation in the financial sphere.

Some media reports earlier said Russia could agree to grant Ukraine a $5 billion loan if Kiev spent $3 billion of the total on Russian gas deliveries.

Meanwhile, Ukraine has received two loan tranches of $4.5 and $2.8 billion, respectively, as part of a $16.4 billion loan program provided by the International Monetary Fund (IMF) to stabilize its economy, which had been seriously hurt by the current economic meltdown.

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<div style="border:1px solid #d3d3d3; padding:17px 0 0px 17px; background:#ffffff; width:510px;"><div style="width:100%; overflow:hidden;"><a target="_blank" href="http://en.rian.ru/russia/20090520/155051067.html" style="text-decoration:none;"><img src="http://en.rian.ru/i/eng/logo_sml.gif" alt="RIA Novosti" title="RIA Novosti" style="float:left; margin-right:10px;" border="0" /></a><a target="_blank" href="http://en.rian.ru/russia/20090520/155051067.html"><img src="http://en.rian.ru/images/15504/81/155048148.jpg" width="120" height="83" border="0" alt="Доллары" style="float:right;padding:0px 15px 5px 0px;" /></a><a target="_blank" href="http://en.rian.ru/russia/20090520/155051067.html" style="color:#000000;text-decoration:none;display: block; margin: 0 10px 0 0 ;"><strong style="font:19px Georgia,Arial,sans-serif; line-height:16px; font-weight:bold;">Russia still undecided on Ukraine $5 bln loan issue - ministry</strong></a><p style="font:13px Georgia,Arial,sans-serif; padding:5px 153px 0px 0;"><span style="color:#5590bf;">21:07</span> <span style="color:#5590bf; padding-right:7px;">20/05/2009</span> <span style="font-size:12px;">Russia has not yet decided whether to allocate Ukraine a $5 billion loan to help its economy overcome the global recession, a deputy Russian finance minister said on Wednesday.<a target="_blank" style="color:#335f86; padding-left:10px; text-decoration:underline;" href="http://en.rian.ru/russia/20090520/155051067.html" title="Russia still undecided on Ukraine $5 bln loan issue - ministry">>></a></span></p><div style="padding:6px 0 15px 30px; font:10px Verdana,sans-serif;"><a target="_blank" style="color:#114472; text-decoration:underline;" href="http://en.rian.ru" title="RIA Novosti">Other news of the day</a></div></div></div>

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Russia still undecided on Ukraine $5 bln loan issue - ministry

21:07 20/05/2009 Russia has not yet decided whether to allocate Ukraine a $5 billion loan to help its economy overcome the global recession, a deputy Russian finance minister said on Wednesday.>>

Other news of the day