Financial Times FT.com

Russia wants IMF to help avert gas cuts

By Charles Clover and Isabel Gorst in Moscow

Published: May 29 2009 19:53 | Last updated: May 29 2009 19:53

Russia is trying to earmark a planned $10bn credit to the International Monetary Fund to help Ukraine pay for gas supplies, Vladimir Putin, the prime minister, said on Friday.

“We are convinced that the resources made available by Russia must be used first and foremost to help our neighbours in the Commonwealth of Independent States, including a solution to the problem that Ukraine has confronted in the sphere of energy,” said Mr Putin in remarks posted on the prime ministerial website.

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