Jaresko: Germany mediates in negotiations on debt to the Russian Federation

Jaresko: Germany mediates in negotiations on debt to the Russian Federation


Kiev has maintained his position on the debt to Russia, said the head of the Ukrainian Finance Minister Natalie Jaresko. Also according to her, the Ministry of Finance of Ukraine has not received any proposals for debt restructuring from the Russian Federation.

KYIV, 15 Dec. The Minister of Finance of Ukraine Natalie Jaresko said that Germany is mediating talks between Russia and Ukraine on restructuring the debt to Russia to $ 3 billion.

“As you know, I met with them (representatives of the Ministry of Finance of the Russian Federation – ed.) under mediacy the Finance Minister of Germany, and they help us, they are like intermediaries”, — said Jaresko told reporters. “We are in contact with them through our German partners every day,” she said.

The head of the Ukrainian Finance Ministry stressed that Kiev has maintained his position on the debt to Russia. “We made a public proposal in this regard, and holders of this instrument had the opportunity to give their formal responses. Some other unique approach, we can’t offer anyone”, — said Yaresko.

Also according to her, the Ministry of Finance of Ukraine has not received any proposals for debt restructuring from the Russian Federation.

The maturity of the Ukrainian Eurobonds for $ 3 billion, bought by Russia in late 2013, comes December 20 of the current year. Russia has previously expressed a willingness to restructure the debt, allowing it to repay one billion in 2016-2018, subject to the provision of guarantees for it from the authorities of the United States or the EU, or one of the international financial institutions.

However, official proposals to the Kiev Russia was not sent, because, according to international rules, such proposals must first go the borrower and not the lender. Russia said it would resort to international arbitration if the debt is repaid on time.