Storchak: Russia still counts on Ukraine’s payment of the coupon on the loan of $3 billion in December

ANTALYA, November 16. Russia after the proposal to restructure the Ukrainian debt still expects to receive from Ukraine’s coupon payment in the amount of $75 million in December 2015, told reporters Deputy Finance Minister Sergei Storchak.

“We proceed from the fact that the coupon will be paid in December”, – he said.

According to him, the international monetary Fund (IMF) and creditors of Ukraine must respond to the proposal of the Russian Federation on restructuring of the Ukrainian debt before December 8, 2015.

“Vladimir Vladimirovich (Putin) marked a temporary pause until December 8th. They must respond,” – said Storchak, answering a question of journalists about when the IMF needs to give its answer to the Russian-proposed plan to restructure the Ukrainian debt.

According to him, the situation related to these commitments of Ukraine to Russia, is megacomplexes and discuss it with the IMF and its major shareholders. “But, of course, at some point, the interests specifically of Ukraine will be considered. But while startup. This issue requires time to study,” – said Storchak.

The non-arrival of funds to the budget in the event of a debt restructuring of Ukraine will be replaced by borrowings, this is a normal job, also indicated it.

“In the budget revenues not received very specific amount. So we will substitute in later borrowings”, – the Deputy Minister said, without specifying whether we are talking about borrowing on domestic or foreign markets: “This is not the amount that on the subject to reason”.
The Deputy Finance Minister stressed that this is only one of the options, especially the issue of restructuring is not yet settled. “There is no such rigid structure, nothing has been decided yet. Something will need to replace” – said Storchak.

Earlier on Monday, Russian President Vladimir Putin said that Russia offered to the over payment on the debt of Ukraine for the years 2016-2018 $1 billion a year. The President emphasized that Russia not only agreed to restructure the Ukrainian debt, and offered the best conditions, as requested by the IMF.