IMF urged Ukraine to resolve the issue debt to Russia – RIA Novosti

21:4114.12.2016

(updated: 22:13 14.12.2016)

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WASHINGTON, December 14 — RIA Novosti. the international monetary Fund (IMF) urged Russia and Ukraine to resolve in the short term, the question on the debt of Kiev, because it is linked to the decision on allocation of the next tranche of financial aid, told reporters the head of the recent IMF mission in Kiev Ron van Ore.

“This is always taken into account when deciding, as it is an overdue bond, and we urge both sides to work on finding solutions in the context of the implementation of the program,” he explained.

However, the question whether there has been progress in this respect, van Ore did not respond.

head of the national Bank of Ukraine Valeria hontareva said that expects to receive the fourth tranche of the IMF loan in January-February this year, the tranche will not come.

Ore also confirmed that the provision of the tranche before the end of 2016, “technically impossible”.

the mission of the IMF worked in Kyiv from 3 to 17 November. After its completion, the IMF has urged Ukraine to adopt the joint Fund budget for 2017 and to continue implementing reforms. From the results of the mission, in particular, depended on getting Kiev the fourth tranche of financial assistance in the amount of $ 1.3 billion until the end of 2016.

the Four-year program of financial assistance the IMF provides, inter alia, the allocation of Ukraine 17.5 billion dollars. In March 2015, was transferred the first tranche of $ 5 billion, in August of the same year the second tranche of 1.7 billion. The third tranche of a billion dollar Fund transferred to Ukraine the first of September.

In late 2013, Russia placed on non-market terms in favor of the two-year Eurobonds Ukraine by $ 3 billion. Kiev authorities regularly served duty for one and a half years, but in December last year imposed a moratorium on the payment of the last coupon and the debt of the body. In February 2016, Russia has filed a lawsuit in London’s High court for the recovery of Ukraine’s $ 3 billion debt and unpaid interest for $ 75 million. London’s high court will hear the case January 17-20, 2017.