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Yanukovich visits China as rage boils in Ukraine

Tuesday, December 03, 2013 - 00:37

Dec. 3 - Ukraine's Yanukovich arrives in China while his embattled government faces public protests and risk of a financial crisis after spurning closer EU ties. Rough Cut (no reporter narration).

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ROUGH CUT (NO REPORTER NARRATION) STORY: Ukraine's President Viktor Yanukovich arrived on a state trip to China on Tuesday with much of the center of the capital in the hands of furious protesters who say they will not leave until he quits. Yanukovich arrived in Xi'an, in Shaanxi province, for a three-day state visit seeking loans and investment. His decision to spurn a trade and integration pact with the European Union has split the country between those who see its future with Europe and those who yearn for better ties with its old Soviet masters in Moscow. Opponents hope to mount a re-run of the 2004-5 "Orange Revolution" that overthrew Ukraine's post-Soviet order and doomed Yanukovich's first attempt to become president. Confrontation on the streets adds to a risk of financial turmoil. Ukraine faces gas bills and debt repayments next year of more than $17 billion. The cost of insuring its debt against default hit its highest since January 2010. China is a possible source of funds. It has already provided the former Soviet republic with loans worth $10 billion, perhaps explaining why Yanukovich risked the journey there. He is scheduled to stay until Dec. 6 and sign economic and trade agreements.

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Yanukovich visits China as rage boils in Ukraine

Tuesday, December 03, 2013 - 00:37