Kremlin: Ukraine’s debt to Russia must be repaid on time

Kremlin: Ukraine’s debt to Russia must be repaid on time


If Ukraine does not repay its debt in the amount of three billion dollars in the period, the Russian Federation reserves the right to address the court, said the Russian presidential aide Yuri Ushakov.

MOSCOW, 13 Nov. Ukraine must repay its debt to Russia on time, otherwise Moscow reserves the right to address the court, said the Russian presidential aide Yuri Ushakov.

Ukraine in September launched a legal process of restructuring part of its debt. In the perimeter of the restructuring included Kiev and Russia redeemed Eurobonds for $ 3 billion. In Ukraine they are considered commercial and not state credit. Russia has repeatedly voiced the position that to participate in this restructuring has no plans and will demand full repayment of Ukraine’s Eurobonds in December of the current year.

“Debt of Kiev in the amount of three billion dollars to Russia as the lender of record should be made clear, at the appointed time, maturity date — December 21, current year”, — said Ushakov, answering the journalists ‘ questions.

“If Ukraine does not, we reserve the right to address in court” — he added.

The Minister of Finance of Ukraine Natalia Yaresko in the air “the Fifth channel” the day before declared that Russia could declare a default Ukraine, if Kiev makes payment on the bonds for three billion dollars. According to her, at the moment Ukraine can not make a payment because it has clearly defined the parameters of possible payments on the IMF programme. The President’s press Secretary Dmitry Peskov, commenting on her words, confirmed that the non-payment of Ukraine’s debt to Russia will mean a default situation. On Friday afternoon Prime Minister of Ukraine Arseniy Yatsenyuk said that Kyiv will impose a moratorium on the payment of 3 billion dollars of debt, if Russia will not agree to the restructuring.