Economics

Putin Says Russia Needs $3 Billion Used to Bail Out Ukraine

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Russian President Vladimir Putin said Ukraine should repay a $3 billion loan because Russia needs the money for the government’s plan to fight an economic crisis.

Russia’s Wellbeing Fund, including the debt due for repayment by Ukraine in December 2015, should be used for “our own needs” because “additional resources are needed” to implement the stimulus program, Putin told government officials Tuesday at a meeting outside Moscow.