Russia gave Ukraine three weeks to restructure $ 3 bln debt

Source : 112 Ukraine

Russia wants the U.S. or EU to be the guarantor of the "debt of Yanukovych" paying
16:22, 19 November 2015

112 Agency

Russia is ready to give Ukraine some three weeks for restructuring its debt by $ 3 bln for Eurobonds purchased in 2013 by the former President of Ukraine Viktor Yanukovych for three weeks. It was stated by Russia's Prime Minister Dmitry Medvedev, RIA Novosti.

However, Russia must get strong guarantees of the return of this debt. Among the conditions for debt restructuring Ukraine Medvedev called guarantee, which would give the U.S. government or the EU, or one of the first class banks of one of the European countries. Russian proposal has been directed to the IMF, as it has already been discussed with the Russia's and Ukraine's Ministries of Finance. it should be noted that this offer to Ukraine has been voiced by Russian President Putin.

"It is time to stop to show off on the recognition of the sovereign nature of the debt. It is clear that it is the obligation of Ukraine as a state, not of some commercial structures. It is absolutely clear that everything else is a manipulation. Otherwise Ukraine expects a default, " warned Medvedev.

In turn, the international rating agency Fitch Ratings said that the failure of Ukraine to pay these $ 3 bln will not be regarded as a sovereign default.

Related: Ukraine to have a delay on debt from Russia

Recalling, the Ukrainian government has threatened to declare a moratorium on the payment of "debt of Yanukovych" to Russia if the Russian side does not agree for restructuring.

Related: US Treasury Secretary calls Russia to restructure Ukraine's debt

Related: Ukraine's state debt exceeded $ 70 bln

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