18:51 GMT +315 October 2019
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    A man stands next to an advertising placard showing British pounds, US dollars and Ukrainian hryvnia banknotes in the Ukrainian capital Kiev

    Ukraine Calls on Russia to Agree With Debt Restructuring Proposals

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    In order to receive the full amount of the loaned money, Russia must accept Ukraine's debt restructuring proposals, country's Prime Minister Arseniy Yatsenyuk said.

    KIEV (Sputnik) — Russia must agree with Ukraine's debt restructuring proposals or demand refunds from those who loaned the money and fled the country, Ukrainian Prime Minister Arseniy Yatsenyuk said Friday.

    "Russia is not a member of the creditors' committee, and yesterday it stated that it wishes to receive the full amount of money. I can offer them a public advice. Those who took the money were granted political asylum in Russia. They should summon the bandits they sheltered and demand money from them, or return them here, and we will gladly hold proceedings on each of those who received money and plundered the funds of the Ukrainian state," Yatsenyuk told reporters.

    "I again call on Russia to accept our offer, as there will be no better offers for Russia," he added.

    Russia holds Ukrainian $3-billion Eurobonds due to mature by the end of 2015. The Ukrainian legislature passed a law earlier this year allowing the government to miss payments to international creditors.

    Yatsenyuk’s stance echoed his refusal on Thursday to grant better terms to Russia if it does not join the international creditor committee led by New York-based Franklin Templeton Investments fund, which holds an estimated $7 billion in Ukrainian bonds.

    Russian Finance Minister Anton Siluanov said Moscow would insist that Kiev pay off its debt to Russia in full by December, after Ukraine announced that it had agreed with the committee to restructure $18 billion its debt and write off nearly $4 billion worth of Eurobonds.


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