Ukraine received no proposal from Russia on debt restructuring
Ukraine’s Finance Minister Natalie Jaresko (UNIAN Photo)
0
Shares
On November 16 Putin proposed to restructure Ukraine’s Eurobond debt for three years
Ukraine’s Ministry of Finance reported on November 18 that they did not receive any official proposal from Russia regarding the USD 3 billion debt deal, which is to be settled in late December 2015, said Ukraine’s Finance Minister Natalia Jaresko.
“Ukraine has received nothing so far,” Jaresko told reporters in Kyiv on Wednesday, November 18.
On November 16 Russian President Vladimir Putin proposed to restructure Ukraine’s Eurobond debt for three years.
“We agree not to receive any money this year, but to receive one billion next year, another billion in 2017, another billion in 2018”, Interfax-Ukraine quoted the Russian president as saying at the G20 summit in Antalya, Turkey.
According to him, the IMF has tried to persuade Russia to postpone Ukraine’s foreign debt payments in 2016.
Watch also IMF chief urges Ukraine’s creditors to accept debt restructuring programme
Today, on Novemebr 18, Russian Finance Minister Anton Siluanov reportedly said, if Russia agrees to restructure Ukraine’s debt the deal may be backed up by a guarantee issued by the United States or the EU, or any major bank.
Russia bought USD 3 billion worth of eurobonds from Ukraine in December 2013, with Kyiv due to pay off the debt by December 2015. The eurobonds were placed on the Irish Stock Exchange and facilitated by VTB, Russia’s second largest bank. A total of USD 15 billion was promised by Russia to help buffer Ukraine’s difficult economic situation on a condition that a new government was formed.
Read also Yatsenyuk: Ukraine to impose moratorium on Russian debt if Moscow says no to restructuring
However, Russia did not offered new funds to Ukraine after the Maidan uprising broke out in the country. The International Monetary Fund earlier said that it would continue cooperation with Ukraine, even if Russian did not accept the terms of the restructuring deal.
Open all references in tabs: [1 – 4]