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    International Monetary Fund (IMF)

    IMF Calls on Ukraine, Russia to Reach 'Cooperative Solution' on $3Bln Debt

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    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.

    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.

    Related:

    Kiev Says Ready to Defend Interests on Debt Restructuring Issue With Moscow
    Ukraine in Default Over Failure to Pay Off $3Bln Debt to Russia
    Russian Debt Payment on Hold Until Restructuring or Court Settlement - Kiev
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    International Monetary Fund, debt, Ukraine, Russia
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