Ukraine expects to receive $12 billion more as a loan from Russia at the beginning of 2014, Ukrainian Prime Minister Mykola Azarov said, while opening a session of the Cabinet of Ministers on Wednesday.

"We expect the next $12 billion at the beginning of next year," he said.

On December 17, 2013, Ukrainian and Russian Presidents Viktor Yanukovych and Vladimir Putin agreed that Russia would buy Ukrainian two-year Eurobonds worth $3 billion by the end of 2013 using the funds of the National Welfare Fund, with a coupon of 5% per annum.

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