The Finance Ministry: Ukraine not transferred on December 21 of $3 billion to repay debt to Russia

MOSCOW, December 21. Ukraine has not made the payment today to the repayment of bonds issued face value of $3 billion owned by Russia. This is stated in the information notice of the Ministry of Finance of the Russian Federation.

“Thus, Ukraine chose to avoid default on its debt obligations than negotiate on the basis of a proposal made by the President of the Russian Federation during the meeting of leaders of the countries “Groups of twenty” in Antalya in November 2015″, – stated in the message Department.

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In Department expect that Ukraine will fulfill its debt obligations in full before the end of the “grace” period” until December 31, 2015, otherwise a default will come.

Ukraine has not made any proposals on the debt, despite his recognition of official IMF loan, highlighted in the report of the Finance Ministry.

“The IMF Board recognized that belonging to Russian bonds in the amount of 3 billion U.S. dollars are the official credit, however, Ukraine has not made any offer arising from this status of the bonds, and has not made payment on their undisputed obligations”, – stated in the message.

If Ukraine does not carry out the payment on the bonds in full during the grace period, the Russian Federation will seek repayment of funds using the appropriate legal mechanisms, the report says.

The National Debt Of Ukraine

In December 2013 Putin and Ukrainian President Viktor Yanukovych have agreed that Moscow will give Kiev a loan of $15 billion through the placement of Ukrainian securities. Under this program, bonds for $3 billion were placed on the Irish stock exchange on 20 December 2013 and bought by Russia at the expense of the national welfare Fund.

The last coupon payment on these bonds were made by Ukraine in June 2015, the Full repayment was expected in December 2015.