NAIROBI, December 18. Ukraine’s decision to impose a moratorium on debt repayment on the loan of the Russian Federation is essentially a Declaration of default, but it will not affect Russia’s position on the negotiations on the Association agreement EU-Ukraine, told journalists the Minister of economic development Alexei Ulyukayev.
“The moratorium, read – the default… of Course not, it’s not related stuff,” said he, answering the question, will this change the decision of the negotiating position of Russia.
Peskov: Ukraine’s default recognized officially, Russia will demand the return of $3 billion in court
Earlier, the Cabinet of Ministers of Ukraine for payment of debt to Russia to $ 3 billion. The Ukrainian government also imposed a moratorium on the payment of 507 million dollars that two Ukrainian companies to Russian banks.
In Brussels on December 21, the next scheduled Ministerial meeting in the framework of tripartite consultations Russia-Ukraine-EU, during which will be discussed practical solutions to Russian concerns arising from the implementation of trade-economic part of the Association Agreement between Ukraine and EU in various spheres.
The negotiations associated primarily with the fact that Russia fears that zero rates of customs duties on the import of European goods to Ukraine will lead to their uncontrolled transfer to the territory of the Russian Federation. This may complicate conditions for Russian manufacturers.-
“In full conformity with WTO rules”
The decision of the Russian Federation about cancellation of the regime of free trade area (FTA) for Ukraine on 1 January does not contradict the WTO rules, said the speaker.
In the Duma introduced a bill on the suspension of the Treaty on free trade zone with Ukraine
“Of course not. It is in full compliance with WTO rules,” said the Minister, answering a question of journalists, is not contrary to the suspension of the FTA regime with the WTO rules.
Earlier on Friday, Ukrainian foreign Minister Pavlo Klimkin has called Russia’s position on the issue of free trade area EU-Ukraine contrary to the logic of the world trade organization (WTO). “Russia is not just arbitrary, it works against the logic of the WTO. Since the WTO first appear the problem, and then solve them, Russia invents a mythical problem and wants us to solve them. They want to reject the implementation of the FTA for 10 years, and then forever” – quoted Klimkin the Ukrainian edition “Today”.
The FTA agreement between Ukraine and the EU comes into effect on 1 January 2016.
Debts Of Kiev
A dispute about $3 billion: debt Kiev before Moscow in questions and answers
On Friday, the Cabinet of Ministers of Ukraine introduced a moratorium on the payment of Russian debt. The Ukrainian government also imposed a moratorium on the payment of $507 million, which has two Ukrainian companies to Russian banks.
On December 17, the international monetary Fund confirmed that the debt of Ukraine to Russia in the amount of $3 billion is official.
20 December, Kiev must repay the loan before Moscow, if he do not, within 10 days after the onset of this period, Russia will go to court.