Russia will return Abkhazia and South Ossetia loans to five billion rubles.

SyuzhetyRossiyskie loans SNG11.03.2009Ukraina countries agreed to settle with Gazprom Russian kreditomRossiya give Abkhazia and South Ossetia, the financial assistance of $ 2,36 and 2,8 billion rubles, respectively. This was the message the Ministry of Finance of Russia. The relevant agreement between the Ministries of Finance will be signed on 17 March 2009.
According to the Ministry of Finance, Abkhazia and South Ossetia will take credit for the Russian Public Employment wages, child allowances, pensions, scholarships, health care, as well as for the maintenance of budgetary institutions. Russia recognized the independence of Abkhazia and South Ossetia in late August 2008.
March 10, 2009 Finance Minister Alexei Kudrin said that the Prime Minister of Ukraine Yulia Tymoshenko officially asked Russia loan of five billion dollars. A decision on the loan has not yet been decided. Later it became known that the loan Ukraine intends to spend on repayment of gas debts "Naftogaz" to Gazprom.
In addition to the basic credit of South Ossetia will also receive additional funds in the amount of 8,5 billion rubles for the restoration of housing and social facilities affected by the hostilities in August 2008. In late 2008 the country has already received assistance in the amount of 1,5 billion rubles.
Russia has started handing out loans to neighbors to help them overcome the financial crisis. Earlier, a contract was signed with Belarus on its two billion dollars. Another two billion dollars was promised Kyrgyzstan.