The loan issued to Ukraine by the Russian Federation is more profitable than the one proposed by the International Monetary Fund (IMF), Vice Prime Minister of Ukraine Yuriy Boiko has said.

“The credit conditions [from Russia] are rather convenient. They foresee a rate of 5% per annum. It differs from the loan offered by the IMF: it has a rate of 4% per annum, but there is a very important thing there – the conditions proposed by the International Monetary Fund: to fulfill the conditions and get a loan we should have raised tariffs for the population and allow a deep devaluation of the hryvnia. The proposals from Russian partners did not include such stringent requirements for our economy, our society. Therefore we believe that this loan was more profitable for us,” Boiko said at the round table “Let’s Unite Ukraine” in Kyiv.