Ukraine is a brotherly country and Russia should support it in a difficult situation. It is the main reason for our decisions, Russian President Vladimir Putin said at the press conference.

Decision on granting loans to Ukraine and lowering gas prices for the country was made in connection with complex economic, social and political situation in Ukraine, he said.

"If we speak about Ukraine as a brotherly country, we have to support the Ukrainian people. This is the main reason," Putin said.

President considers fair conditions of the gas contract with Ukraine, signed in 2009. "I thought and still think that this contract is economically justified," he said.

According to the Russian leader, decision to support Ukraine was made because of awareness Kyiv had difficulties with payments.

He added that Russia is not against the Association of Ukraine with Europe, but it will defend its market.

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