Over 1,000 Syrian settlements join reconciliation process - Russian defense ministryWorld December 06, 3:27
Italian president asks Renzi to delay resignation until budget passedWorld December 06, 3:24
Senior Russian MP blames deadly Aleppo hospital shelling on oppositionWorld December 06, 3:20
Kiev plans to discuss Russian gas purchases on December 9 — NaftogazBusiness & Economy December 06, 0:38
Russia, China veto UN Security Council resolution on Aleppo ceasefireWorld December 05, 23:10
Putin tells about his dream, alcohol tests and advises not to neglect personal lifeSociety & Culture December 05, 23:05
UN Security Council should vote on Aleppo after US-Russian talks — envoyWorld December 05, 22:21
Putin says confident in development of Russian helicopter industryMilitary & Defense December 05, 21:15
Russian diplomat hopes Aleppo’s liberation will pave way for political dialogueRussian Politics & Diplomacy December 05, 21:13
MOSCOW, May 20. /TASS/. Ukraine is virtually defaulting on its debt, Russian Finance Minister Anton Siluanov said Wednesday.
"It is a virtual default. We do not yet have grounds [to lodge claims to Ukraine - TASS], in June we should receive payment [from Ukraine - TASS] of $75 mln. If there is no payment, we will use the right to appeal to court," the minister said.
When answering the question whether Russia will apply to international court in case Ukraine refuses to repay its debt Siluanov said: "Absolutely - pursuant to our conditions of prospectus for bond issue that we invested in the funds of the National Wealth Fund."
Russia expects Ukraine to fully pay back its debt of $3 bln by December 2015.
On Tuesday, Ukraine’s parliament approved the law granting the government the right to impose moratorium on foreign debts payments, including the $3 bln debt received from Russia in 2013. The document was upheld by 256 MPs. Prime Minister Arseniy Yatsenyuk said Ukraine was to pay $30 bln of foreign debt and $17 bln of domestic debt within 4 years. He added that the moratorium concerns only private creditors, holding the debt of Ukraine. He also called on the country's Western partners to grant it real financial assistance.
Kiev regards its $3 bln Eurobonds held by Russia as a private loan, which is thus subject to the moratorium. Moscow insists the loan cannot be considered private and should be paid back in due time - in December 2015.