16:39 GMT +322 September 2019
Listen Live
    Russian President Vladimir Putin and IMF Managing Director Christine Lagarde during their meeting on the sidelines of the G20 summit in Antalya, Turkey, November 15, 2015.

    Russia's Proposal on Ukraine Debt Restructuring 'Positive Step' - IMF

    © Sputnik / Michael Klimentyev
    Business
    Get short URL
    211
    Subscribe

    Russia's readiness to allow Ukraine not to pay back Russia its $3 billion Eurobonds debt this year is a positive step, according to an International Monetary Fund spokeswoman.

    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."

    Earlier on Monday, Russian President Vladimir Putin announced Moscow is ready to allow Ukraine not to pay back Russia its $3 billion Eurobonds debt this year, but pay $1 billion annually between 2016 and 2018.

    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.

    Related:

    IMF Chief Lagarde Urges Full Implementation of G20 Agenda
    Ukraine Risks Default if It Fails to Pay Debt to Russia - Kremlin
    China Could Share IMF Basket With the Globe's Strongest Currencies
    G20 Urges US to Hastily Ratify IMF Reforms - Communique
    Russia Holding Talks with IMF on Ukraine's $3-Billion Loan - Minister
    Putin Meets IMF Chief on G20 Summit Sidelines
    Tags:
    International Monetary Fund, debt restructuring, Ukraine, Russia