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Ukraine expects Russian funds early next year

Mykola Azarov (right) with Russian President Vladimir Putin
Mykola Azarov (right) with Russian President Vladimir Putin

Ukraine, which has secured a $15bn bailout package from Russia, expects it to be fully disbursed in early 2014.

Ukrainian Prime Minister Mykola Azarov made the announcement this morning after his government received the first $3bn tranche.            

"We expect the remaining $12bn in the beginning of next year," he told a government meeting.             

Mr Azarov said the country's economy, which grew 0.2% in 2012, would remain flat this year.