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    IMF board has recognized Kiev’s outstanding $3 billion debt to Moscow as official.

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

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    IMF board has recognized Kiev’s outstanding $3 billion debt to Moscow as official.

    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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    debt, International Monetary Fund, Ukraine, Russia
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