Politics 2020-10-15T07:31:56+03:00
Ukrainian news
RF Finance Ministry Tells Its IMF Representative Vote Against Decision To Disburse Next Tranche For Ukraine

RF Finance Ministry Tells Its IMF Representative Vote Against Decision To Disburse Next Tranche For Ukraine

The Ministry of Finance of the Russian Federation has ordered its representative at the International Monetary Fund (IMF) to vote against the decision to disburse the next tranche for Ukraine.

RF Finance Minister Anton Siluanov announced this for journalists on Monday, Ukrainian News Agency reports.

Russia believes that this decision was made contrary to the rules.

Siluanov says the RF Finance Ministry disagrees with the IMF stance that Ukraine has fulfilled all conditions for the disbursement.

The Ministry set forth its point in an address to IMF Managing Director Christine Lagarde.

As Ukrainian News Agency earlier reported, the Cabinet of Ministers On December 18, 2015 imposed a moratorium on payment of the government debt of USD 3 billion on Russian-held Ukrainian Eurobonds

In February 2016, Russia laid an action against Ukraine to the High Court of London seeking debt recovery.

In late May, Ukraine filed legal objections within this litigation.

The IMF is considering the issued disbursement of the next tranche for Ukraine September 14.

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