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Russian Finance Ministry is ready to sell Yanukovych debt in 3 billion dollars to another country

Source : 112 Ukraine

Moscow claims that another country can buy out it by the money or securities
14:04, 16 November 2017

Open source

The Ministry of Finance of Russia announced the compromise on the so-called ‘Yanukovych debt’ in 3 billion dollars. Moscow claims that another country can buy out it by the money or securities. Sergey Storchak, the Deputy Financial Minister of Russia claimed this as RIA News reported.

‘Theoretically, it can be the money or securities of another sovereign that is ready to undertake the demands due to the special relationship with Ukraine and it will be able to faster advance in the quest of the compromise’, Storchak claimed.

Related: IMF credits: Relief for Ukrainian authorities, debt yoke for Ukrainian people

According to him, the talks of this kind are held through the mediator but he refused to comment on them.

Ukraine got the debt in 3 billion dollars from Russia when Viktor Yanukovych was a president of Ukraine in 2013. Kyiv insisted to recognize the debt as the commercial with the further reorganization and writing down of the part of the debt. In its turn, Russia refused from the reorganization on the terms accepted by the private creditors of Ukraine and demanded to recognize the debt as the state.

Related: General government debt of Ukraine increased up to 77.03 billion dollars in September

The Ukrainian government approved the moratorium on the payment of the Russian 3 billion dollars debt.

Later Russia filed a lawsuit against Ukraine to the High Court of Justice in London for the recovery of the debt. The High Court of Justice took a side of Ukraine and stopped the execution of the court judgment until the finishing of the consideration of the appeal petition of Ukraine on the return of 3 billion dollars debt to Russia. The appeal petition will be considered by the Court of Appeal of England in January 2018.

Related: Ukraine's new debt of $ 3 billion: Is it good or bad?

The Ukrainian Finance Ministry claimed that Ukraine should not return this debt to Russian for many times.

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