RUSSIA WILL NOT BACK
IMF AID PROGRAM TO UKRAINE IF IT FAILS TO CONSIDER DEBT REQUESTS
Wednesday, May 18, 2016 - 13:25
Russia will not support the aid program of the
International Monetary Fund (IMF) to Ukraine if it does not take into
consideration Ukrainian obligations to Russia regarding $3 bln debt, said the
Finance Minister Anton Siluanov.
As a sovereign creditor Russia will insist on
including Ukraine’s obligations to Russia when working at the update of the
IMF's aid program to the country, he added.
The aid program to Ukraine, which is being
worked out by the IMF now… hopefully the program will take into consideration
Ukraine’s obligations on redemption of its debts to Russia. In case it does not
how can we support the Fund’s program like that? That is absolutely not in line
with our interests, he said.
According to Siluanov, Ukraine’s new government
has not established a dialogue on the debt issue with Russia yet, reports TASS.
We haven’t had a dialogue at the level of
finance ministers, unfortunately. As a creditor we’ve offered terms of
restructuring Ukraine’s $3 bln bond. We’ve made our proposals but Ukraine never
responded to them, he said, adding that Moscow has not received "any
appropriate proposals from the Ukrainian side".
There has been a "technical
negotiation" where Ukraine offered restructuring terms worse than for
commercial creditors, the minister said.
It is absurd. It is obvious that we as a
sovereign creditor can have better terms of restructuring than commercial
creditors, he added.
DONi News Agency
No comments:
Post a Comment