Siluanov: Russia is preparing a plan in case of default of Ukrainian Eurobonds
Russia is preparing a contingency plan in the event of default of Ukraine, if Kiev in the beginning of winter do not pay the debt on Eurobonds for 3 billion USD, said the Head of the Ministry of Finance of the Russian Federation Anton Siluanov.
"We are now preparing a specific plan of action in case of default of Ukraine, and, in this case, at the end of December, if Ukraine does not pay, then it will be characterized As default, As the default of the country to another state, despite of the action programme international monetary Fund," said Siluanov at the meeting of Russian President with government members.
Siluanov said that the plan will be shown to the President.
The head of the Ministry of economic development Alexei Ulyukayev before Tuesday admitted the possibility that Ukraine will not repay in early winter debt to Russia in $ 3 billion.
Ukraine in September launched a legal procedure for the restructuring of its public debt. The government of Ukraine included in the perimeter of restructuring and Russia bought Eurobonds for $ 3 billion. In Kyiv they are considered commercial, and not public credit. Russia repeatedly stating the position that to participate in this restructuring has no plans and will demand full repayment of Ukraine's Eurobonds in the beginning of winter this year.
A high-ranking source in the government of the Russian Federation on 9 October, said Last news that Russia will be forced to go to court if Ukraine fails to repay the Eurobonds. As reported on 10 October Siluanov, the Finance Ministry of Ukraine failed to come to a consensus with Russia on the restructuring of this debt.