Tuesday, May 17, 2016

Moscow will require to include in the IMF program for the return of Kiev’s debt to Russia – RBC

Finance Minister Anton Siluanov said in an interview to television channel “Russia 24″ that Russia, as a member of the International Monetary Fund (IMF) does not approve the second phase of assistance to fund programs Ukraine, if the document is not taken into account the possibility of repayment of Ukrainian debt to Russia $ 3 billion.

The head of the Ministry of Finance stressed that in accordance with the rules of the IMF Ukraine support program must be approved by the member countries of the Fund. “We hope that there will take into account the obligations of Ukraine, otherwise we will not support the program,” – said Siluanov, noting that all sovereign obligations in the provision of financial assistance fund should be considered

«In the preparation of the new refined. provision of IMF programs on loans Ukraine, we will insist on the inclusion of a commitment of Ukraine to Russia “, -. stressed Siluanov

He reminded that Ukraine has changed the government, and Russia” hopes “that the new members of the government of Ukraine will solve the problem with the Russian debt

«So far we have not had dialogue at the level of the Ministry of Finance”, -. emphasized Siluanov

In December 2015, Ukrainian. authorities imposed a moratorium on the Russian payments on eurobonds debt issued in December 2013, is not extinguished themselves bonds and the final coupon for $ 75 million. in February 2016 Russia submitted a claim to the English court to recognize a default Ukraine and oblige Kiev to return $ 3 billion with penalty interest.

In the middle of April 2016 in Ukraine, the new head of the government and a number of new ministers were appointed, among whom was also the head of the Ministry of Finance. After that the Russian authorities have agreed to postpone the start of the trial. In early May, the President of Ukraine Petro Poroshenko has signed the law, according to which the moratorium on the payment of the debt before Russia became indefinite.

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