The Finance Ministry has denied the bond debt restructuring of Kiev with the lifting of sanctions

The Finance Ministry has denied the bond debt restructuring of Kiev with the lifting of sanctions


Moscow. November 16. No connection to the proposal to restructure debt of Ukraine and lift sanctions against Russia, told journalists the Deputy Minister of Finance of the Russian Federation Serey Storchak.

“No, I don’t see,” said he.

According to him, the revenues that the Federal budget may not be recaptured in the event of a debt restructuring of Ukraine, will be replaced by borrowing.

“The budget does not lay the risks, the budget provides scheduled payments, if they exist, we just have to take them into account. In the revenue budget not received a specific amount of money. So, we will substitute subsequent borrowings”, – he told journalists.

Answering the question of borrowing in which the market can be replaced nedostupnaya revenues, Storchak noted that “it is not the amount, so to talk”.

Today Vladimir Putin at the summit G20 told reporters that Russia agreed to restructure Ukraine’s debt at $3 billion for three years and agreed in the near future to discuss the details of the proposal with partners.

In December 2013, shortly before the change of power in Kiev, Russia at the expense of the national welfare Fund bought Ukrainian Eurobonds worth $3 billion Ukraine has proposed a restructuring of this issue in General terms with the holders of commercial debt, but Russia has long disagreed, insisting on full repayment of debt in December. The Russian Finance Ministry did not rule out litigation in case of default of Ukraine.