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Russia expects Kiev to pay off debt in late 2015 — deputy finance minister

April 06, 2015, 9:07 UTC+3 HANOI
Russian Deputy Finance Minister Sergey Storchak said that the Ukrainian side has sent no official request on launching talks on possible debt restructuring
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© Stepan Petrenko/TASS

HANOI, April 6. /TASS/. The talks on restructuring Ukraine’s debt before Russia are not being held and Moscow expects Kiev to pay off the bonds in the end of this year, Russian Deputy Finance Minister Sergey Storchak told journalists on Monday.

Russia’s stance on this issue has been unchanged, Storchak said, adding: "Now there are no negotiations [on possible debt restructuring]."

Storchak also said that the Ukrainian side had sent no official request on launching the talks.

Russia made a decision in late 2013 to invest up to $15 billion in Ukraine’s sovereign Eurobonds. Soon afterwards, Russia bought Ukraine’s first Eurobond tranche worth $3 billion with a two-year maturity and a coupon rate of 5% per annum and coupon payments every six months.

Russia did not invest the other $12 billion in Ukraine’s bonds.

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