Ukraine’s decision to suspend a deal on closer EU ties and sign a Russian aid agreement instead has helped avoid bankruptcy, Prime Minister Mykola Azarov has told ministers in Kiev.
The government’s surprise U-turn on an EU association agreement last month has sparked weeks of mass demonstrations.
But Mr Azarov said the package from Russia would provide stability.
Russia has agreed to buy $15bn (£9.2bn, 11bn euros) of government bonds and slash the price of gas.
Ukraine’s opposition has demanded to know what Ukraine offered Russia in return.
Thousands of pro-EU protesters have been holding rallies in Kiev – occupying the capital’s Independence Square – and other cities in western and central Ukraine.
Critics say President Viktor Yanukovych has sold out to Russia and are calling for him and his government to step down.
But Ukraine’s prime minister defended the deal with Russia in a cabinet meeting on Wednesday.
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