IMF Board Recognizes Status of Ukraine’s $3Bln Debt to Russia as Sovereign

© AFP 2022 / YURI GRIPAS This may 15, 2011 file photo shows the International Monetary Fund (IMF) headquarters building in Washington, DC
This may 15, 2011 file photo shows the International Monetary Fund (IMF) headquarters building in Washington, DC - Sputnik International
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IMF board has recognized Kiev’s outstanding $3 billion debt to Moscow as official.

Spring in Moscow - Sputnik International
Moscow Adamant It Will Declare Ukraine in Default if Debt Unpaid
WASHINGTON (Sputnik) — The International Monetary Fund (IMF) board has recognized Kiev’s outstanding $3 billion debt to Moscow as official, an IMF official told RIA Novosti.

“The IMF board of directors recognized the status of Ukraine’s $3-billion debt to Russia as sovereign,” the official said on Wednesday.

Ukraine owes Russia $3 billion in Eurobonds. The debt was secured by the government of then-President Viktor Yanukovych in late 2013. Moscow has repeatedly stated that Kiev's inability to pay back the debt by December 20 will mean a default.

On Tuesday, Ukraine's Finance Minister Natalie Jaresko said that Kiev and Moscow were still in talks, brokered by mediators from Germany, on the issue of the settlement of Ukraine's debt.

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