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IMF expects Moscow, Kiev to hold direct discussions on Ukraine’s debt to Russia

November 19, 2015, 2:55 updated at: November 19, 2015, 6:02 UTC+3 WASHINGTON
Earlier, Russian President Vladimir Putin said at the G20 summit that Russia had offered to Ukraine instalment payments in 2016-2018 years, one billion dollars a year
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Christine Lagarde, Managing Director of the International Monetary Fund (IMF)

Christine Lagarde, Managing Director of the International Monetary Fund (IMF)

© Mikhail Metzel/TASS

WASHINGTON, November 19. /TASS/. The International Monetary Fund (IMF) expects Moscow and Kiev will hold direct discussions on restructuring Ukraine’s debt to Russia, the IMF press service has told TASS.

Russian President Vladimir Putin said at his last meeting with IMF Managing Director Christine Lagarde that Russia had made a proposition to ease the burden of that debt and the financial situation in Ukraine in the context of the programme supported by the Fund, an IMF representative said adding that the IMF was waiting for direct discussions between Moscow and Kiev.

Earlier, Russian President Vladimir Putin said at the G20 summit that Russia had offered to Ukraine instalment payments in 2016-2018 years, one billion dollars a year. At the same time, Putin said Russia had not just agreed to restructure the Ukrainian debt but offered better conditions than the International Monetary Fund was asking for.

Later, Finance Minister Anton Siluanov said that Russia would restructure Ukraine’s debt if "the proposal to restructure the debt for three years should be accompanied by guarantees that this proposal will be implemented by the Ukrainian side on the part of the United States or the European Union or a major bank agreed with the Russian Federation."

The proposal would help "avoid creation of a precedent" when the rules of settlements between the IMF and official creditors could be changed.

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