Kiev and Moscow have agreed on debt restructuring – Russian newspaper

The Ministry of Finance of Russia and Ukraine have agreed to restructure the debt of Kiev for three billion dollars. Meanwhile, the authorities will maintain a dialogue, RIA Novosti reported with reference to Finance Minister Anton Siluanov. The meeting was also attended German Finance Minister Wolfgang Schaeuble.

“We have expressed a position on the need to repay the debt of the Russian Federation. Colleagues from the Ministry of Finance said that they had no such money in the budget, and invited us to participate in the restructuring along with commercial creditors. What is Russia’s position was the reverse: we are not a commercial lender, we are sovereign, so for us, such conditions are unacceptable, “- said Siluanov.

Russian awaits full repayment of the debt of Ukraine in December. The last coupon payment on the loan of the Russian Federation have been made by Ukraine in June of this year.

Ukraine in September launched a legal procedure of the restructuring of its public debt. The authorities have previously included in the perimeter of the restructuring and purchased Russian Eurobonds for three billion dollars. In Kiev, they are considered commercial rather than public loan.

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