Russia refuses to restructure Ukraine's $3bn debt

russia

Russia is just not prepared to debate restructuring or delaying Ukraine’s $three billion debt, Russia’s finance minister has stated.

Anton Siluanov’s remarks to press members on Friday got here after finances conferences for 2015 have been held at Russia’s State Duma, or parliament.

He stated, “Russia doesn’t have any plan to restructure or lengthen a $three billion credit score given to Ukraine.”

Siluanov stated the credit score supplied to Ukraine was not finished on a industrial foundation because of the dangers and circumstances it carried, and Russia aimed to again Ukraine’s finances with the “non-profit” settlement.

Russian President Vladimir Putin introduced the acquisition of a $15 billion bond in 2013 in a transfer to revive Ukraine’s financial system and Ukraine offered a $three billion Eurobond to Russia on December 23, 2013.

Russian suspended bond purchases amid the 2014 Maidan protests, which turned Ukraine into turmoil and altered the political state of affairs between the 2 international locations.

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