Russia offered to extend the Ukraine’s debt payment over 2016-2018 with a $1 billion installment each year. TASS is citing Russia’s President Vladimir Putin as saying this in the framework of the G20 summit on Monday, November 16.
“We were asked to postpone the $3 billion debt payment till next year. I said that we are prepared for a deeper restructuring,” the president added.
Putin also said that Russia expects relevant guarantees from the United States, the European Union, and international financial organizations and he hopes that this issue will be resolved by the beginning of December, “considering the specific schedule of the IMF.”
The Russian president said that as the partners are “confident that the Ukraine’s solvency will be increasing and we have no reason to doubt that we will get $3 billion even next year, there are no fears from our partners to give guarantees of the loan.”
On November 12, Ukraine’s Finance Minister Natalie Jaresko admitted that Russia can declare Ukraine’s default if Kyiv fails to repay the eurobonds.
