Russia is ready to appeal to the international court, if Ukraine refuses to pay its debt – First Channel

This was stated by the Minister of Finance at a cabinet meeting chaired by Vladimir Putin. We are talking about Eurobonds which Moscow bought from Kiev in 2013, trying to help cope with a difficult financial situation.

This was stated by the Minister of Finance at a cabinet meeting chaired by Vladimir Putin. We are talking about Eurobonds which Moscow bought from Kiev in 2013, trying to help cope with a difficult financial situation.

The country then headed Yanukovych, and the current government already halfway to reject those commitments. Ukraine has indeed there is little time, in June, Kiev must transfer payment – $ 75 million.

The economic relations with Ukraine have become the main topic of today’s meeting with members of the government. First of all, the President drew attention to the credit debt of the country to Russia. Only our commercial banks have given Ukraine about 25 billion dollars, and that’s not counting the sovereign debt. In the recent years, increasingly began to appear information about the unwillingness to repay debts.

“It is known that at the end of 2013, we in fact have given credit to place a part of our reserves of FNB, bought three billion dollars Ukrainian government bonds, and at a very reduced rate, at that time Ukraine could receive such means at least at 10%. We have agreed to 5% per annum. That is, it was a very preferential rate. We have the right for a long time to show these funds for early repayment, – said the President. – Under the terms of our agreement, which was made by European law if the total amount of state debt of Ukraine more than 60%, we have a right to early repayment. However, at the request of the Ukrainian partners, at the request of the IMF, we do not use this right, not wanting to aggravate the already difficult economic situation for our partners and neighbors. ”

On the eve of the Verkhovna Rada adopted the law, which the President has caused a lot of questions. Ukrainian MPs allowed the government to impose a moratorium on payment of foreign debts, which, according to experts – the first step to a technical default.

“The strange for a statement because there is no more middle of the year, but to declare the fact of the impending default – this level of responsibility, professionalism, of course, seems to be low, despite the fact that the country is put under external control “, – Putin said.

” We will need to analyze the impact is now such a decision of the Verkhovna Rada, the implications of the law, and if we see a violation of the commitments that Ukraine took the embedding of our Resources in bonds Ukrainian Government, we asked for a judicial mechanism for the protection of our interests to ensure that our interests are not affected, “- said Russian Finance Minister Anton Siluanov.

A possible default would mean for Ukraine’s inability to obtain additional loans from the IMF. The already unstable Ukrainian economy may collapse entirely. Today, Vladimir Putin, Dmitry Medvedev instructed to take the situation with payments for debts under his personal control. We talked today about the possible association of Ukraine and the European Union. Subject to Russia sharp.

“We have agreed with our colleagues that on an association agreement Ukraine and the EU will be a moratorium, it will not be effective until January 1, 2016, and during that time would be undertaken negotiations to resolve all outstanding issues. Unfortunately, until now, these negotiations have not begun, Alexei V., are there any results, whether achieved some results during the last trip to Brussels? ” – Asked the President.

“We have reason for today to introduce retaliatory measures in the form of MFN, as our Ukrainian colleagues are pursuing a policy of latent implementation of certain provisions of the agreement, which is contrary to our September agreements. Nevertheless, we believe that there is a possibility of a positive decision. I must say that there is, the feeling of cautious optimism – like, the ice was broken, in the sense that we have begun to hear and listen “, – said Alexei Ulyukayev.

“Well, keep working. Our aim is to find solutions that are acceptable to the Russian Federation”, – said Vladimir Putin.

His work has already begun to experts. By July, they have to provide a report on possible ways to address the issues, and then will set the date of the next meeting at the ministerial level.

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