Russian President Vladimir Putin has slashed the cost of gas sold to Ukraine and agreed to buy billions of government bonds.
The deal comes amid massive protests in the Ukraine over the government rejecting closer ties with the European Union in favour of a renewed alliance with Russia.
Mr Putin agreed the deal after talks in Moscow with his Ukrainian counterpart, Viktor Yanukovych.
Protesters have been camped on Kiev's main square for nearly a month angry at the prospect of being drawn back under the influence of its powerful neighbour.
Opposition leaders had warned Mr Yanukovich not to bother coming back to Ukraine if he "sells out" to Russia.
The deal sees Russian state-controlled gas monopoly Gazprom cutting the price of gas deliveries to $268 (£165) per 1,000 cubic metres from $400 (£246) per 1,000 cubic metres.
Mr Putin also said Russia has decided to invest $15bn ($9.2bn) in Ukraine's government bonds.
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