Monday, September 12, 2016

Russia Sees IMF’s Next Loan Tranche Promise to Ukraine as ‘Unfounded’ - Minister

Russia views as unfounded the International Monetary Fund’s (IMF) announcement that Ukraine met all conditions to receive the next loan tranche, Russian Finance Minister Anton Siluanov said Monday.



Kiev owes Moscow $3.075 billion in repayment and servicing of external bonds owned by Russia following the expiration of the so-called grace period on December 31, 2015.

"The conclusion circulated by the IMF states that all conditions for obtaining the next tranche were met by Ukraine. This statement, in our view, is unreasonable and creates the conditions for the creation of similar precedent in the future," Siluanov said at a briefing. Russia has not yet received an official request from Ukraine to launch $3 billion debt restructuring talks, Anton Siluanov added.

 “We have not yet received an official request from Ukraine about the beginning of the negotiation process, about the beginning of the debt restructuring process,” Siluanov said at a briefing.

The minister stressed that the talks cannot be characterized as constructive, and noted that Russia has enough arguments to defend its interests in court.
   (Sputnik)
12/9/16
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