November 20, 2015
By Olga Tanas
Russia, (click here) which has previously refused to negotiate with Ukraine over restructuring its $3 billion Eurobond, is waiting for the International Monetary Fund to respond to its proposal to change the terms on the debt and expects the cash-strapped country to initiate new talks if it’s unable to pay in full on Dec. 20.
The impasse can only be resolved “in the framework” of the IMF-led program of assistance for Ukraine because the nation lacks the financial means to pay, Russian Finance Minister Anton Siluanov’s aide, Svetlana Nikitina, told reporters in Moscow Friday. “Until a conceptual solution to the problem is found, we still expect the debt to be repaid,” she said....
...After months of refusal to negotiate with Ukraine over restructuring the Eurobond, sold by Ukraine’s ousted leader Viktor Yanukovych in 2013, Russian President Vladimir Putin made the proposal this week at a Group of 20 summit in Turkey, which followed his bilateral meetings there with U.S. and European leaders as well as IMF Managing Director Christine Lagarde.
Russia is ready for broader talks on restructuring the debt if its offer to change the payment terms is accepted by Dec. 8, Siluanov said Wednesday. Ukraine hasn’t received Russia’s restructuring proposal, Finance Minister Natalie Jaresko was cited as saying the same day by Interfax....
By Olga Tanas
Russia, (click here) which has previously refused to negotiate with Ukraine over restructuring its $3 billion Eurobond, is waiting for the International Monetary Fund to respond to its proposal to change the terms on the debt and expects the cash-strapped country to initiate new talks if it’s unable to pay in full on Dec. 20.
The impasse can only be resolved “in the framework” of the IMF-led program of assistance for Ukraine because the nation lacks the financial means to pay, Russian Finance Minister Anton Siluanov’s aide, Svetlana Nikitina, told reporters in Moscow Friday. “Until a conceptual solution to the problem is found, we still expect the debt to be repaid,” she said....
...After months of refusal to negotiate with Ukraine over restructuring the Eurobond, sold by Ukraine’s ousted leader Viktor Yanukovych in 2013, Russian President Vladimir Putin made the proposal this week at a Group of 20 summit in Turkey, which followed his bilateral meetings there with U.S. and European leaders as well as IMF Managing Director Christine Lagarde.
Russia is ready for broader talks on restructuring the debt if its offer to change the payment terms is accepted by Dec. 8, Siluanov said Wednesday. Ukraine hasn’t received Russia’s restructuring proposal, Finance Minister Natalie Jaresko was cited as saying the same day by Interfax....
