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Putin: IMF should provide additional $3 bln loan to Ukraine to repay its debt to Russia

October 13, 2015, 20:49 UTC+3 MOSCOW

Vladimir Putin urges to continue dialogue on Kiev’s debt repayment

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Vladimir Putin

Vladimir Putin

© Mikhail Metsel

MOSCOW, October 13. /TASS/. Russian President Vladimir Putin has tasked the Finance Ministry with continuing dialogue with Ukraine and the International Monetary Fund (IMF) on the issue of Kiev’s debt repayment to Moscow and with proposing $3 bln worth of additional loan be provided by the IMF to Ukraine.

"Long ago did we receive the right to demand this debt repayment before December, meaning that conditions occurred pursuant to our contract for virtual provision of this loan but we haven’t done this in order not to put our Ukrainian partners in a predicament and not to worsen economic turmoil," Putin said at a meeting with government members. "But why does the IMF not want to add those $3 bln to Ukraine so that it can pay off instead of changing its rules under specific country virtually destroying the IMF system itself," President said.

"You could speak with colleagues; it seems to me it’s easier to add $3 bln to Ukraine so that it could pay off... because after changing those rules in favor of one country requests may follow to change those rules for other states as well," Putin said.

Russian Finance Minister Anton Siluanov said that at his latest meeting with Ukraine’s Finance Minister in Lima last week Moscow confirmed its view that Kiev’s debt may not be considered as commercial. "I noted that this is a debt of a government to another government, which was granted under non-market conditions," the Minister said.

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