Russia demands to account for Ukraine’s USD 3 billion debt before Moscow in IMF loan program

Source : 112 Ukraine

Moscow received no reasonable debt settlement offers from Ukraine, - Russian Finance Minister
12:32, 17 May 2016


The Russian Federation intends to account for Ukraine’s USD 3 billion debt before Moscow in the IMF’s loan program for Kyiv, Russian Finance Minister Anton Siluanov stated, reports “Interfax”.

“As a sovereign creditor, we will insist on including Ukraine’s debt before Russia in the new revised IMF loan program for Ukraine, since according to IMF rules, all sovereign debts must be accounted for in the Fund’s lending framework… How can we support such a loan program, in case this hasn't been done?”, - the Minister said.

Siluanov stated, that the dialogue with the new Ukraine’s government hasn’t brought any positive results so far: “We haven’t had any discussions at the level of Minister, although, Russia, as a creditor, has offered a number of restructuring conditions. We have made our offer. However, we received no reaction from Ukraine”.

Related: Ukrainian Parliament voted for termless moratorium on payment of Eurobonds on Russian loan

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