Russia is ready to restructure Ukraine's debt

Russian President Vladimir Putin said that Ukraine may not return three billion US dollars this year, subject to its restructuring. According to him, Russia is ready to restructure the state debt of Ukraine with payment of one billion each in 2016, 2017 and 2018.

"We offered better terms for this restructuring than the IMF asked from us," he said.

Earlier it was reported that Putin met at the G20 summit with the head of the International Monetary Fund (IMF) Christine Lagarde. The President of the Russian Federation said that he supports the aspirations of a number of IMF members in their efforts to reform the organization.

Recall that the IMF reforms provide for the provision of an opportunity for the fund to continue lending to countries that have defaulted on public debt. At the same time, experts are confident that this amendment is included in the agenda solely to keep the government of Arseniy Yatsenyuk afloat.

On September 17, the Verkhovna Rada voted for a package of bills required to restructure Ukraine's external debt in the amount of about 19 billion US dollars, including the debt to the Russian Federation.

The restructuring provides that Ukraine will write off 20 percent of the debt and extend the term of all Eurobond issues by 4 years. For this, the country will pay with a slightly higher interest rate on the remaining 80 percent of debt (7.75 instead of 7.2 percent on average for current Eurobonds) and the issue of a new instrument (warrant), payments on which are tied to the rate of economic growth in 2019-2038. .G

On November 13, Ukraine’s prime minister announced that Kiev would impose a moratorium on Moscow’s debt of $ 3 billion if it abandoned further negotiations on restructuring.