(VOVworld) – Russia has bought 3 billion USD worth of Ukrainian government bonds to support Ukraine’s economy. This is part of Russia’s commitment to spend 15 billion USD to buy Ukraine’s bonds to prevent Kiev plunging into a financial crisis.

Ukrainian President Viktor Yanukovych (left) and Russian President Vladimir Putin signed a number of cooperative agreements (Photo: Reuters)

During a talk with Ukrainian Prime Minister Mykola Azarov on Tuesday, Russian Prime Minister Dmitry Medvedev said Russia had officially begun.  Mr. Azarov said Russia’s assistance has raised Ukraine’s status in the international arena and helped Kiev escape from its financial crisis.

According to experts, Russia’s financial support helps Ukraine shrink its current-account deficit to 6 percent of gross domestic product from 8.5 percent and maintain Ukraine’s balance of payment over the next 2 years.