"Ukraine remains committed to negotiating in good faith a consensual restructuring of the December 2015 Eurobonds," said a statement posted on the ministry's website.
Ukraine is unable to repay the debt on its initial conditions because it would contradict the obligations to other international creditors and financing targets established in the cooperation program with the International Monetary Fund (IMF), the statement said.
Kiev's appeal for a debt-restructuring dialogue with Russia came one day after the IMF executive board qualified Ukraine's debt to Moscow as official.
- Previously, Ukraine insisted that the debt was commercial and claimed that it has a right to impose a moratorium on its repayment.
Last month, Moscow offered Kiev a debt-restructuring plan, under which Ukraine could repay its arrears in three instalments of 1 billion dollars each within the next three years.
Ukraine got the loan in the form of Eurobonds from Russia in December 2013 to shore up its economy amid financial crisis.
Xinhua - globaltimes.cn
18/12/15
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Russia agrees to restructure Ukraine's debt — (Putin)
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Ukraine’s Cabinet has imposed moratorium on payment of the Russian debt, Prime Minister Arseniy Yansenyuk said at a cabinet meeting on Friday...
ReplyDelete"Considering that Russia has refused, despite of our efforts, to sign an agreement in the restructuring and to accept our proposals, the cabinet is imposing moratorium on payment of the Russian debt worth $3 bln," he said.
Also, the Ukrainian government has imposed a moratorium on the payment of $507 million by two Ukrainian companies to Russian banks.
"The government is imposing a moratorium on the payment of $ 507 million by two Ukrainian companies — Yuzhnoye and Ukravtodor — to Russian banks. From today, all payments shall be suspended until the adoption of our proposals or a court decision," Ukraine's prime minister said...........http://tass.ru/en/economy/845268