The Russian ambassador to Kiev has dismissed...
"Denunciation of the agreement would automatically be accompanied with the conversion of funds that Russia now transfers as payments towards the future rent [of the Black Sea Fleet base], into Ukrainian state debt," Mikhail Zurabov told journalists after Russian-Ukrainian talks in Sochi on Friday.
Moscow and Kiev agreed on April 21 to extend Russia"s use of the Black Sea Fleet"s main base in the Crimean port of Sevastopol for 25 years beyond its original 2017 expiration. In return, Ukraine received an immediate discount on Russian gas.
Zurabov said it was a "political or diplomatic victory" for Ukrainian President Viktor Yanukovych that although the rent paid by Russia would not rise until 2017, Ukraine was benefiting already.
"The arrangements are such that they [the Ukrainians] have the right to receive funding for the economy right now," the ambassador said, adding that this would allow Ukraine to develop the economy in the coming years.