REUTERS

"As you know, Russia has suggested a restructuring option... Unfortunately, our counterparts did not agree to this initiative," Peskov told reporters on a conference call on Tuesday.

"Russia has no other proposals... As this is sovereign debt, it is a default," Peskov said.

As UNIAN reported earlier, the Ukrainian Finance Ministry and the Russian government did not reach an agreement during a Ukraine debt swap on the restructuring of $3 billion in eurobonds maturing in December 2015.

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