Ukraine debt offer positive step
Russian Federation is prepared for Ukraine to restructure its debt to Moscow, proposing that Kyiv pays back a $3 billion loan in equal parts over the next three years, President Vladimir Putin said Monday.
Ukrainian Prime Minister Arseny Yatsenyuk has said that Kyiv could stop repaying its multi-billion debt to Russian Federation if Moscow does not agree on its restructuring.
“We think that this is actually possible and we don’t see any problems with sharing risks among partners”, Putin said.
“Not only have we agreed to restructure the Ukrainian debt, but we have proposed even better restructuring conditions than those asked from us by the global Monetary Fund (IMF)”, he said.
It has threatened to take Ukraine to court if it fails to redeem the bonds in full when they mature on December 20.
Putin said on November 16 that Russian Federation was asking for guarantees for the repayment from the United States, the European Union, or global financial organizations. I said that we are prepared for a deeper restructuring.
The political upheaval and war in Ukraine have caused a severe deterioration in government finances as a result of which Ukraine needed a new bail-out from the International Monetary Fund, which insisted on a restructuring of government debts.
The change to Russia’s position over the Kyiv’s debt issues follows calls from Washington.
Popular
p:last-child{max-height:194px;overflow:hidden;}
]]>
England vs France tonight at Wembley
New England Patriots vs. New York Giants
‘Fourth Strand’ of Previously Unknown Ancient European Human Ancestry Discovered
AP NewsBreak: Leaders say no to Russian track at Rio Games
Aldon Smith suspended one year by the NFL, per reports
BJP: Sonia, Rahul must take stand on Mani Shankar Aiyar
Cubs’ Bryant, Astros’ Correa voted top MLB rookies
Microsoft adds button remapping support for Xbox One standard wireless controller
Spain Issues Arrest Warrant Against Benjamin Netanyahu
Jaguars hang in before mistakes lead to 28-23 loss to Jets
Phoenix Suns Brandon Knight off to hot start
Bill Cowher blasts Rex Ryan for his captains’ stunts
Williams Named To Wooden Award Preseason Top 30
Builder confidence falls in November
Black Lives Matter Mob Invades Dartmouth Library, Reportedly Harasses White