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19 August 2017
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Russia to demand full debt repayment from Ukraine - media

Russia will demand full repayment from Ukraine of a $3 billion eurobond that comes due in December, Russian Finance Minister Anton Siluanov told the state-run Rossiya 1 television channel, according to the Moscow Times.

REUTERS
REUTERS

"We have always insisted and will continue to demand from Ukraine a full implementation of the (eurobond) terms," Siluanov said, the Moscow Times reports.

"We insist on a full repayment in December of this year of $3 billion, including interest payments."

He added that Ukraine's debt to Russia is not a commercial debt.

"The question of managing debt of official creditors, of countries such as Russia, should be considered completely separately (from commercial debt)," Siluanov said.

According to him, Russia is planning to allocate the money for infrastructure development.

"We need to develop our economy, we need to invest in infrastructure, so the refund we are supposed to get at the end of the current year will be spent on infrastructure development of the Russian economy in the coming years," said Siluanov, according to RIA Novosti.

As UNIAN reported earlier, the Ukrainian government has agreed with creditors on the restructuring of its sovereign debt worth $18 billion with a 20% haircut after five months of talks.

Ukraine offered its Russian creditors the same terms for the restructuring of a $3 billion debt. However, according to Bloomberg, the Russian Economic Development Minister Anton Siluanov said that the Russian side refused to participate in the process of restructuring.

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