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Russia sells $10bn in reserves to prop up rouble

Russia has sold $10bn in currency reserves to support the rouble amid the crisis in the Ukraine.

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Ukraine's gas debt to total $2 billion

A Ukraine gas installation. Credit: Reuters

Ukraine's gas debt to Russia will be almost $2 billion if the country fails to pay for February deliveries in full.

Speaking at a press conference, Russian President Vladimir Putin said that Ukraine's current debt stands between $1.5bn and $1.6bn.

Earlier, Russia's top gas producer Gazprom said it would remove a discount on gas prices for Ukraine starting from April.

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