Ukrainian President Yanukovych left Kiev in search of foreign cash for his country’s near bankrupt economy, and now he says he’s secured $8 billion in investment from China.
The money has made a timely arrival in cash-strapped Ukraine’s hands, as the economy teeters on default and faces debts over $15 billion. Yanukovych is on a three-day planned working trip to China.
“The documents signed today expand our economic cooperation. We have not yet calculated how much this will make up in terms of money, but we made some calculations earlier and saw that the matter is about some $8 billion in investments coming to the Ukrainian economy,” Yanukovych said after signing a number of bilateral documents in Beijing on Thursday, quoted by Interfax.