Reuters: Ukraine finance minister says Russia bond restructuring can differ …
Natalie Jaresko, Ukrainian Finance Minister. (UNIAN Images)
Russia has refused to participate in Ukraine debt restructuring, arguing its debt should be classed as bilateral rather than commercial
Any out-of-court deal to restructure Ukraine’s USD 3 billion debt to Russia must deliver the same economic effect for Kyiv, though its format would likely differ from last year’s private sector debt swap, Ukraine’s finance minister said on Wednesday.
Read also Ukraine introduces moratorium on payment of Russian debt
Speaking to Reuters on the sidelines of the World Economic Forum in Davos, Yaresko said she remained optimistic about the possibility of reaching an agreement with Moscow, even though the Kremlin has pledged to file suit against Kyiv for non-payment of the bond which matured last month.
“Unfortunately the Russian delegation wasn’t able to meet us in Davos but I am always an optimist. We have a good track record of finding consensual agreements, it’s the preferable way for all of us,” Yaresko said.