Medvedev said that Russia is ready to restructure the debt of Ukraine

Medvedev said that Russia is ready to restructure the debt of Ukraine

MANILA, November 19. Prime Minister Dmitry Medvedev said that Russia is ready to restructure the debt of Ukraine, but Kiev “it is time to stop acting” about the sovereign nature of this loan.

“It’s time to stop acting regarding the recognition of the sovereign nature of this debt”, – he told journalists on the results of the APEC summit.

“Clearly, we are talking about the obligation that arose in the Ukraine as a state, and not from some commercial structures. It’s completely understandable, everything else is manipulation,” he said.

Among other conditions for debt restructuring he called the guarantee, which would give a first-class Bank in a European or other countries. Also the final decision, according to the head of the Cabinet, should be taken in the next three weeks. Otherwise, Kiev is in danger of default, warned Medvedev.

According to him, the Russian proposal has already been sent to the IMF, discussed at the level of ministries of Finance of the Russian Federation and Ukraine.

“Sanctions – a thing that is absolutely not connected with this loan”

The Prime Minister also noted that Russia does not set as a condition for loan restructuring Ukraine the abolition of anti-Russian sanctions.

“Sanctions for us is a thing that is absolutely not connected with this loan. Let them define how they act. We have no conditions on this subject not expressed”, – he told journalists following the summit.

According to Medvedev, Moscow is not asking and will not ask the West to repeal them introduced sanctions against Russia. “I have nothing here to answer. We are not sanctions have been imposed, and a number of Western countries. What they will do, I don’t know. We do not ask and, of course, to ask will not. In no sense,” said the Russian Prime Minister.

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© Of Mykhaylo palinchak/press service of President of Ukraine/TASS

The Minister of Finance of Ukraine admits the possibility of default in case of non-payment of a debt of Russia

He stressed that Ukraine is close to Russia’s government. “They live close to us. We have always had very active relations with Ukraine. So we are trying to negotiate in the matter of the loan, which, in fact, the government of Ukraine ever really wanted to get,” Medvedev said.

“An unexpected proposal”

On 16 November, the G20 summit, Russian President Vladimir Putin said that Russia has offered to the over payment on the debt of Ukraine for the years 2016-2018 $1 billion a year.

“We did, in my opinion, the unexpected offer to our partners, – he said. – We are not just agreed to restructure the Ukrainian debt, and we suggested better conditions than we have been asked by the international monetary Fund”.

In particular, the IMF asked Russia to postpone the payment for next year of $3 billion from Russia, according to the head of the state, are ready for a deeper restructuring. In particular, Russia is ready to this year did not get any money, and in 2016-2018 to receive $1 billion a year.

About the debt of Ukraine to Russia

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© ITAR-TASS/Mikhail Pochuev

MAYOR: Ukraine and the EU does not want to accept legally binding documents of the Association

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.

After Kiev agreed with creditors to restructure its debts, with the exception of Russia, Finance Minister Anton Siluanov has repeatedly said that Moscow is ready to turn to international arbitration courts, as well as directly to the international monetary Fund in December if Ukraine fails to pay its debt.

The last coupon payment on the loan were made by Ukraine in June 2015.