"The default that our enemy was awaiting did not happen," Yatsenyuk told a government meeting after Ukraine's biggest commercial lenders agreed to a 20-percent write-down on the face value of their debt.
Russia had refused to join talks on ways Ukraine could save on the repayment of $15.3 billion (13.6 billion Euros) over the next four years.
The sum is part of a global $40-billion rescue package that the International Monetary Fund patched together for the cash-starved former Soviet republic in February.
- Ukraine on December 20 is scheduled to repay the principal of a $3-billion Eurobond that Russian-backed ex-president Viktor Yanukovych issued months before his ouster by pro-European street protesters and lawmakers.
But Moscow calls the $3-billion a government-to-government loan whose repayment is mandated by international law.
"The Russian Federation did not join the creditors' committee," Yatsenyuk told a televised government meeting.
"And for this reason, Ukraine officially announces that Russia under no circumstances will receive terms better than those received by the other creditors." Russia's Finance Minister Anton Siluanov reiterated this week that Moscow still expected to see the full December repayment.
AFP
almanar.com.lb
27/8/15
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Related:
IMF approves new loan disbursement for Ukraine
IWF gibt weitere Hilfstranche für Ukraine in Höhe von 1,7 Milliarden Dollar frei..
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Russia will insist that Kiev pays off the whole sum of $3 billion Moscow invested in its Eurobond in December and is planning to spend the money on the development of the country’s infrastructure, Russian Finance Minister Anton Siluanov said on Thursday...
ReplyDelete"We need to develop our economy, we need to invest in the infrastructure, so the refund we are to get at the end of the year, these funds will be spent on infrastructure development of the Russian economy in the years to come," Siluanov said in an interview with Rossiya-1 TV channel.
At the end of 2013, Russia purchased Ukraine’s sovereign debt eurobonds worth about $3 billion. Ukraine is required to repay the full amount by the end of 2015.
Earlier in the day, Ukrainian Prime Minister Arseniy Yatsenyuk said Kiev had agreed with its creditors to write off 20 percent, or nearly $4 billion, of its sovereign debt as well as ruling out the prospect of a default. He added that Russia, which has not joined the creditors committee on Ukraine, will not be granted more favorable terms than Kiev's other lenders............http://sputniknews.com/europe/20150827/1026268349.html#ixzz3k2nk4p4a
27/8/15
Russia expects full, timely debt repayment from Ukraine - Finance Ministry...
ReplyDeleteRussia expects from Ukraine full and timely repayment of a US$3 billion Eurobond that comes due in December, Deputy Finance Minister Sergei Storchak said on Tuesday.
"Our position has not changed," Storchak told journalists.
He also said the Finance Ministry did not see a big chance that foreign financial markets would open for sovereign debt, including for Russia's, next year.
- Reuters
15/9/15
Russian Finance Minister Anton Siluanov and his Ukrainian counterpart Natalie Jaresko have failed to agree on the restructuring of Ukraine’s debt to Russia, which amounts to $3 billion...
ReplyDelete"Our colleagues from Ukraine’s finance ministry said that they do not have such funds in their budget and offered that we take part in restructuring along with commercial creditors…we are not a commercial creditor, we are sovereign state, so such conditions are unacceptable for us," Siluanov told journalists after meeting with Jaresko on the sidelines of the International Monetary Fund (IMF) and World Bank summit in Lima, Peru.
The Russian finance minister said that Russia insists on Ukraine repaying the debt and added that the two sides will continue talks on the debt issue.........(Sputnik)
10/10/15