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    Ukraine Consulting IMF on Restructuring $3Bln Debt to Russia - Deputy FM

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    Deputy finance minister said that Ukraine is holding consultations with the International Monetary Fund on the issue of restructuring its $3-billion debt to Russia.

    MOSCOW (Sputnik) Ukraine is holding consultations with the International Monetary Fund on the issue of restructuring its $3-billion debt to Russia, the deputy finance minister said Wednesday.

    "The team which is in talks over debt restructuring is having consultations with colleagues from the International Monetary Fund," Artem Shevalev said.

    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 failure to pay back the debt by the December 20, 2015, deadline should be classified as a default.

    Moscow disagrees with Kiev'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.

    Earlier this month, Russian Finance Minister Anton Siluanov said Russia would be filing a lawsuit against Ukraine before February.

    Related:

    IMF Calls on Ukraine, Russia to Reach 'Cooperative Solution' on $3Bln Debt
    Gamblers Rejoice: Ukraine's Debt to Russia Offers All-or-Nothing Prospects
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    International Monetary Fund, debt, Russia, Ukraine
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