WASHINGTON (Sputnik) — The proposal by Russia to the Ukrainian government to restructure Kiev’s debt is a positive development, but the details of the proposed deal should first be negotiated between the two countries, an International Monetary Fund (IMF) spokeswoman told Sputnik on Monday.
"The proposal made by the Russian authorities regarding debt restructuring for Ukraine is a positive step," the spokeswoman said. "The details would now need to be discussed between the Russian authorities and the Ukrainian authorities."
The spokeswoman said the IMF awaits the outcome of the debt discussions between Russia and Ukraine.
Russia issued a $15-billion loan to Ukraine in December, 2013, having bought $3 billion-worth of Ukraine's Eurobonds. The rest of the loan was canceled following a regime change that took place in Ukraine in February 2014.
