Russia to sue Ukraine if debt is not repaid by Dec 20

Russia is set to file a lawsuit against Ukraine if Kyiv fails to have repaid the $3-billion debt by December 20, Russia's Finance Ministry said on Saturday, according to Russian news agency TASS.

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"This week we received an official refusal of the U.S. government for loan guarantees to Ukraine," the ministry said in a statement, TASS wrote.

"Therefore, we have nothing to do but to file a lawsuit against Ukraine if the borrower fails to fulfil its liabilities in full on December 20, 2015, which will mean Ukraine's sovereign default."

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