REUTERS
Ukrainian Finance Minister Natalie Jaresko confirmed earlier reports of her planned meeting with Russian Minister of Finance Anton Siluanov during G20 meeting in Peru later this week.
Many meetings are set to be held in Lima, including that with Jaresko’s Russian counterpart, she said during Investor Presentation in London on Monday.
Ukraine’s Finance Minister also reiterated readiness to present all details regarding the Ukrainian offer on debt restructuring.
As reported earlier today, Anton Siluanov, Russian Finance Minister announced he would meet with Jaresko in Peru at the G20.
As UNIAN reported earlier, on September 23, the Ukrainian government launched the restructuring process of Ukraine's public and government-guaranteed debt and its write-off. The restructuring deal is planned to be completed by December 1, 2015. To complete the debt restructuring process, the Ukrainian government announced a halt to debt servicing payments. Moreover, the temporary suspension of payments is said to be a technical one, affecting 9 out of 14 series of government domestic loan bonds and government-backed Eurobonds of state enterprise Fininpro included in the restructuring deal, as well as Eurobonds maturing in September and October 2015.
According to the memorandum released by the government on the terms of exchange of public and publicly guaranteed Eurobonds, a meeting of creditors is expected to be held on October 14 to complete voting in favor of the Ukraine's proposals.
UNIAN memo. The restructuring perimeter also includes a loan which Ukraine received in the framework of agreements between Russian President Vladimir Putin and Ukrainian President at the time Viktor Yanukovych. The loan was granted on December, 2013, in exchange for Ukrainian Eurobonds worth $3 billion. The fact that the bonds were purchased via the Irish stock exchange makes the disbursement a private creditor debt. However, the Russian side insists that this is an interstate debt, as the buyer was a state-owned National Wealth Fund.