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Tuesday, July 25, 2017

Siluanov said the “fake” attempts by Ukraine to negotiate with Russia on the debt

Russia’s Finance Minister Anton Siluanov on Monday said statement of the International monetary Fund (IMF) that Ukraine has fulfilled all the conditions for tranche loan — despite the fact that Kiev still owes Russia over $ 3 billion for the bonds. He called the IMF position is unfounded and inconsistent with the current rules, noting that Russia would vote against the disbursement of a tranche.

photo: Mikhail Kovalev

“Of course we are extremely disappointed by this approach,” – said in the statement, the IMF, Siluanov during a briefing in MIA “Russia today”. He suggested that the Fund had information about the negotiations of Russia and Ukraine on the debt, adding that Moscow will direct to the managing Director Lagarde of the organization of this information.

Conducted by Kiev on the issue of debt negotiations, the President called a “fake.” “They had no real grounds, of course, if carried out, were “for show”,” – said the Minister.

According to him, Moscow has done everything possible to negotiate a restructuring of the tranche and expected that the Ukrainian side will submit proposals on the restructuring on terms other than those that have commercial creditors. However, this did not happen – did the “proposals on the cancellation through the restructuring of the debt … to 36%”.

Siluanov noted that this variant in Russia had not even considered. However, Russia is still willing to consider the option of a pretrial agreement in the case that conditions will be different from those who agree commercial lenders.

In the meantime, Russia will defend its interests in court. As recalled by the President, consideration of the claim of Russia to Ukraine will be held in the High court in London on January 17.

“We have enough arguments in order to rely on an objective consideration,” he said.

As previously reported, the arguments considers sufficient and Ukraine. Earlier, Kiev announced a few points, in compliance with which does not feel obliged to pay Russia the debt.


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