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24.6 25.05
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Economy 2019-05-15T05:03:12+03:00
Ukrainian news
Russia Ready To Discuss Any Options On Ukraine's Debt Worth USD 3 Billion

Russia Ready To Discuss Any Options On Ukraine's Debt Worth USD 3 Billion

Russia is ready to discuss any options to negotiate repayment of Ukraine's debt worth USD 3 billion.

Russian Minister of Finance Anton Siluanov said this on Russia One TV-channel, Ukrainian News Agency reports.

At the same time Siluanov noted that currently there were no such discussions on the table.

As Ukrainian News Agency earlier reported, in December 2013, Russian President Vladimir Putin and then-president of Ukraine Viktor Yanukovych reached agreement about Russia providing a loan of USD 15 billion to Ukraine by way of subscription to the Ukrainian securities.

Ukraine issued bonds worth USD 3 billion and registered them on the Irish Stock Exchange on 20 December 2013, and Russia subscribed for the bonds.

Following the negotiations on debt restructuring in October 2015, holders of 13 of the total of 14 Eurobond issuances issued by Ukraine, totally worth USD 14.36 billion and EUR 600 million, agreed to the restructuring deal.

Russia was the only state that refused to accept the restructuring terms offered to it.

In December 2015, the Cabinet of Ministers of Ukraine imposed a moratorium on payment of the Eurobonds worth USD 3 billion held by Russia.

In February, Russia filed a lawsuit against Ukraine in the High Court in London to recover the debt.

Ukraine filed legal objections to the lawsuit in May.

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