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Minister: Prospects of Ukraine’s quick repayment of loans to Russian banks are challenging

May 21, 2015, 19:53 UTC+3
Russian banks earlier extended loans to Ukrainian companies. Total amount of such loans is over $25 bln
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Russian Minister of Finance Anton Siluanov

Russian Minister of Finance Anton Siluanov

© Mikhail Japaridze/TASS

MOSCOW, May 21. /TASS/. Prospects of Ukraine’s quick repayment of commercial loans provided by Russian banks are challenging, Russian Minister of Finance Anton Siluanov said on Friday.

Russian banks earlier extended loans to Ukrainian companies. Total amount of such loans is over $25 bln.

"Our credit institutions are currently negotiation repayment of these loans. However, according to statements of Ukrainian leaders, prospects of quick repayments are fairly challenging," the minister added.

The Ministry of Finance plans to work at the intergovernmental and the corporate level aimed at "performance of obligations under commercial loans," Siluanov said.

Russia is currently working toward Ukraine’s timely settlement of its $3 bln Eurobonds debt to be repaid at 2015 year-end.

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