Ukraine says not received direct information on Russia’s debt offer
One of the topics discussed at the G20 Summit in southern Turkey between Russian President Vladimir Putin and Japanese Prime Minister Shinzo Abe was a peace agreement to WWII, Dmitry Peskov said.
The debt restructuring dispute had been hampering the IMF’s $17.5-billion rescue plan for Ukraine which restricted Kyiv’s ability to renegotiate billions of dollars in debt. We were asked to postpone the payments for the next year.
Putin said that rather than seeking $3 billion in debt repayment this year, Russian Federation would be willing to agree to payments of $1 billion a year in 2016-18. According to Yatsenyuk, Kyiv has proposed that Moscow should consider once again Ukraine’s terms of its debt restructuring and write-down earlier offered to the special creditors’ committee. In case of refusal, Kyiv intends to start legal proceedings, he said.
President Vladimir Putin and his aides have said that the debt, which comes due in December, is sovereign and not subject to restructuring talks with commercial lenders. Meanwhile, Russian Federation insists the loan is a state debt and demands its full redemption.
Mr. Putin said Moscow was ready to share Ukraine-related risks with… “Russia made an offer about the procedure for payment by Ukraine”.