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IMF Calls on Ukraine, Russia to Reach 'Cooperative Solution' on $3Bln Debt
IMF Calls on Ukraine, Russia to Reach 'Cooperative Solution' on $3Bln Debt
Sputnik International
The governments of Russia and Ukraine should cooperate to reach an agreement on Kiev’s $3 billion debt to Moscow, International Monetary Fund (IMF)... 14.01.2016, Sputnik International
2016-01-14T16:08+0000
2016-01-14T16:08+0000
2016-01-14T16:14+0000
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business, newsfeed, russia, ukraine, international monetary fund
IMF Calls on Ukraine, Russia to Reach 'Cooperative Solution' on $3Bln Debt
16:08 GMT 14.01.2016 (Updated: 16:14 GMT 14.01.2016) The governments of Russia and Ukraine should cooperate to reach an agreement on Kiev’s $3 billion debt to Moscow, International Monetary Fund (IMF) Communications Director Gerry Rice told reporters on Thursday.
WASHINGTON (Sputnik) — Russian Finance Minister Anton Siluanov said Wednesday that the Russian Finance Ministry will file a lawsuit against Ukraine’s unpaid arrears.
"We continue to encourage Ukraine and Russia to achieve a cooperative solution that contributes to the financing and the debt objectives of the program," Rice stated.
10 January 2016, 15:43 GMT
On January 5, the Ukrainian Finance Ministry said Kiev was ready to defend its interests during the proceedings on the restructuring of the country's $3-billion debt to Russia.
The Russian Finance Ministry announced on December 31 that Ukraine had defaulted as it had missed the 10-day deadline to repay the debt.
Russia disagrees with Ukraine's stance that the bond is part of an external commercial debt, arguing that the bond is a loan provided by one country to another.
