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Russian Finance Minister: Ukraine is expected to pay interest under $3 bln loan on June 20

The total amount of Russia’s investments into the economy of Ukraine, including loans of Russian banks, equals $20 bln and this is a "huge sum," Finance Minister Anton Siluanov said

© TASS/Sergey Konkov

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

MOSCOW, June 8. /TASS/. The Russian Finance Ministry expects Ukraine will pay interest under the $3 bln loan on June 20, Finance Minister Anton Siluanov said on Monday.

"The intermediate stage - payment of interest under the loan - falls on June 20. It will be soon. I think Ukraine should make payment to us," the minister said. Failure to pay the debt will create a precedent, Siluanov added. "It never occurred before that a support program of the International Monetary Fund is implemented in the country and it has no money," the minister said.

The total amount of Russia’s investments into the economy of Ukraine, including loans of Russian banks, equals $20 bln and this is a "huge sum," Siluanov said. "These are investments of our banks into Ukraine and investments of our subsidiaries - Ukrainian banks working there. Therefore we are definitely highly concerned of the fate of these money and operations of our companies doing business in Ukraine. Any country may have such concerns," the minister added.

The $3 bln worth loan extended by Russia to Ukraine will be mature in December 2015.

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