The speaker: the court upholds the fair is 100% Russia’s position to collect the debt from Ukraine

The speaker: the court upholds the fair is 100% Russia’s position to collect the debt from Ukraine


MOSCOW, December 29. The head of the Ministry of economic development Alexei Ulyukayev believes that Russia’s position on the collection of debt from the Ukraine fair 100% and the court will support her. This opinion he expressed in an interview with TV channel “Russia 24”, noting the ambivalent position of the International monetary Fund (IMF) on the question of the Ukrainian debt.

The IMF on 8 December took effect before the ban on lending to countries with overdue sovereign debt. Russia voted against this decision, believing it to be politicized. It basically means that the IMF can continue to implement the anti-crisis program for Ukraine, even if Ukraine delays the payments for the debts to Russia.

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“It’s certainly a strange decision. Nevertheless, we will proceed from him, and this means that we will protect their rights, their sovereign rights in court. I think 100 percent confident that our position in the court is fair, effective and will be upheld. Another simply can not be”, – said Ulyukayev.

On Friday, December 18, the government of Ukraine introduced a moratorium on the payment of the debt of the Russian Federation. Prime Minister of Ukraine Arseniy Yatsenyuk motivated by the fact that “Russia refused to sign the restructuring agreement” on a par with private creditors. Thus, Ukraine chose to avoid default on its debt obligations, rather 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.

In December 2013, the presidents of Russia and Ukraine Vladimir Putin and Victor Yanukovych have agreed that Moscow will give Kiev a loan of $15 billion through the placement of Ukrainian securities. Within the 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.

17 December 2015, the IMF Executive Board has recognized the status of Ukraine’s debt before Russia’s sovereign – this means that the obligation to pay the debt incurred by the government-borrower.

20 December, Ukraine has delayed the payment of the next payment on the debt. If Kiev fails to pay the amount due within the 10-day grace period on 31 December Russia will go to international court to recover these funds by force.