Thursday, October 15, 2015

Ukraine ready to sue Russia over refusal to restructure debt — (Ukrainian PM)

Ukraine is ready to sue the Russian Federation over its refusal to restructure Kiev's debt in the amount of $3 bln, Ukrainian Prime Minister Arseniy Yatsenyuk said Thursday.

"We are ready for judicial proceedings," he said.

According to Yatsenyuk, Kiev offers Moscow to re-examine on October 29 the conditions of partial relief of Ukrainian debt that were earlier submitted to the special committee of creditors.

"The issue with $3 bln debt Russia should restructure and partly write down remains outstanding. We suggest that Russia accept restructuring conditions of the creditors committee on October 29," Yatsenyuk said.

"No other conditions will be offered to Russia," he added.

Ukraine's foreign guaranteed debt currently stands at $70.5 bln, Yatsenyuk added.

"Total amount of the foreign debt was $73.1 bln as of December 31, 2013. The state and guaranteed debt was $70.5 bln as of September 1, 2015," he added.

Ukraine’s Ministry of Finance has been dealing with restructuring for 1.5 years, Yatsenyuk said.


  • Russia’s position on Ukraine’s debt remains unchanged

According to the Kremlin, Moscow’s position on Ukraine’s debt restructuring remains unchanged. Kiev must pay off the debt in full and on time, Kremlin spokesman Dmitry Peskov told TASS on Thursday.

"As for Ukraine’s state debt, nothing has changed in the position of the Russian side," Peskov said.

The Russian government made a statement last month that Moscow was expecting Kiev to repay the debt in full and on schedule.

 [tass.ru]
15/10/15
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