BEIJING, December 17. Recognition by the IMF of the debt of Ukraine to Russia official changes nothing for the Russian side, told reporters Deputy Finance Minister Sergei Storchak.
“For us, it does not change the situation. This changes the situation, unless of course they want, for the authorities of Ukraine”, – he said.
Russia’s Proposal
In mid-November, Russian President Vladimir Putin said that Moscow offered to the over payment on the debt of Kiev for years 2016-2018 $1 billion dollars a year.
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The President emphasized that Russia not only agreed to restructure the Ukrainian debt, and offered the best conditions, as requested by the IMF. Russia also asked about guarantees from either the US government or from the EU or from international financial institutions.
In early December, the Finance Ministry has received an official refusal from the U.S. government to provide guarantees for the obligations of Ukraine. On 9 December Vladimir Putin has instructed the Finance Ministry to sue Ukraine for non-payment of the debt on the bonds.
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.
