Russia May Seek Settlement of $3Bln Ukrainian Debt in Court
MOSCOW (Sputnik) – Last month, Ukraine reached an $18-billion debt restructuring deal, after the United States, a number of European countries and some of Ukraine’s private creditors agreed to write down as much as 20 percent of Kyiv’s debt.
Russia, which purchased $3 billion in Eurobonds from Kyiv in December 2013, insists that Ukraine’s debt must be paid in full by the end of 2015.
“I think we will be forced to seek the debt repayment judicially,” a government source told RIA Novosti.
“It is clear that Ukraine will not be able to return its debt immediately, but I do not think we should restructure the debt in the current environment,” the Russian government source said.
The official added that the Kremlin had held no internal discussions on restructuring Ukraine’s debt.
US Assistant State Secretary for European Affairs Victoria Nuland said on Thursday that Kyiv and Moscow would address the debt issue on the sidelines of this week’s IMF-World Bank conference in Peru.