Russian space budget may grow this yearScience & Space May 26, 20:48
Moscow hopes London High Court will deliver judgement on Ukraine’s debt to Russia soonBusiness & Economy May 26, 20:21
Hungarian top diplomat: EU must discuss anti-Russian sanctionsWorld May 26, 19:56
Russian, French top diplomats discuss preparations for Putin’s visit to FranceRussian Politics & Diplomacy May 26, 19:47
Moscow comments on Tallinn’s move to expel Russian diplomatsRussian Politics & Diplomacy May 26, 19:43
WADA: Legendary Isinbayeva suits role of ambassador for clean sports in RussiaSport May 26, 19:33
Russia working on advanced air defense systemMilitary & Defense May 26, 19:17
WADA receives Russia’s new national anti-doping planSport May 26, 19:14
Moldova’s ruling pro-European coalition breaks upWorld May 26, 19:12
ANTALYA, November 16. /TASS/. Russia has proposed to Ukraine to pay in installments in 2016-2018 years, $1 bln per year, the Russian President Vladimir Putin said Monday.
"In my opinion we made an unexpected offer to our partners," he said. "We haven’t not just agreed to restructure the Ukrainian debt, we have offered better conditions than the International Monetary Fund was asking of us. We were asked to postpone the payment for the next year in the amount of 3 bln [US dollars - TASS]. I said that we were ready for a deeper restructuring. We are ready not to receive any money this year, $1 bln next year, another $1 bln in 20187 and 2018," Putin added.
Ukrainian Prime Minister Arseniy Yatsenyuk said in mid-October that Ukraine was ready to start litigation with Russia over Kiev’s $3 billion debt restructuring. According to Yatsenyuk, Kiev has proposed that Moscow should consider once again Ukraine’s terms of its debt restructuring and write-down earlier offered to the special creditors’ committee. In case of refusal, Kiev intends to start legal proceedings, he said.
The Ukrainian financial authorities have said on many occasions they consider Russia’s $3 billion loan a commercial debt and insist on its restructuring. Meanwhile, Russia insists the loan is a state debt and demands its full redemption.
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 subsequently decided against investing the other $12 billion in Ukraine’s bonds.