The proposal of the Russian Federation on restructuring of the debt of Kiev will not change the rules of the IMF

The proposal of the Russian Federation on debt restructuring of Ukraine will enable the IMF to change its lending policies, said the Minister of Finance of the Russian Federation Anton Siluanov.

"Our Proposal is only intended to set a precedent to change the order of payments of countries that receive support from the IMF and official creditors. If accepted, it will not be necessary to change the appropriate rules of settlement with the IMF, " He told reporters.

"Our Offer is quite reasonable, and it has the ability to be implemented during the current IMF programs with Ukraine," - He stressed.

Siluanov recalled that on the sidelines of the G20 summit in Antalya, Turkey head of the Russian Federation Vladimir Putin at a meeting with the head of the IMF Christine Lagarde has made the suggestion to restructure the debt of Ukraine at $ 3 billion. The Russian Federation made a Proposal to break the debt redemption term of 3 years in equal installments of $ 1 billion starting in 2016.

"in our view, the proposals on restructuring of debt in 3 billion dollars must be accompanied by safeguards for the implementation by the Ukrainian side this proposal from either the U.S. or the EU, or a major Bank in coordination with Russia ", - said Siluanov.


"this year Ukraine's commitments under our proposals must prepare only the amount of % that the Ukrainian side must pay the Federation this year - that is, the story is About 75 millions of dollars," said Siluanov.

The question of payment of percent on restructured debt, According to the head of the Ministry of Finance, Russia is also ready to discuss.

"This is a negotiating position. We agreed in the process of addressing this issue with the managing Director of the IMF, and equally in the process of bilateral negotiations with key members of the IMF, " He said.

"If Our Proposal will be supported, and the official letter was sent to the managing Director of the IMF, If This Proposal will be supported until December 8, as We have requested, We are ready to hold a wider meeting with the Ukrainian side, with the IMF, other participants in this issue and discuss the real details of our proposal, so that they were acceptable to the Russian side to partners from the IMF and partners from Ukraine ", - said Siluanov.

"We believe it is necessary to take note of the initiative of the Russian Federation in the program liabilities to the IMF ", - added Siluanov.

He acknowledged that the proposals of the Russian Federation differ from the design that was created by Ukraine to commercial creditors.

"We have many times stated position, and once again I can assure you that We will never agree that the debt before the Russian Federation can be included in one list with the commercial," said He." here the position is confirmed and the staff of the Foundation and in the process of negotiations with the management of the Fund, I think there's no one Vsplyvaet doubt about it, " He said.

on the background of Russia's refusal to participate in the restructuring of Ukraine's debt, which she conducted for commercial creditors was announced On the preparation of U.S. and other Western countries policy changes of IMF lending, the Fund would be able to continue financing of Ukraine in case of Russian default on the loan.

However, officially, the IMF has rejected the connection between these 2 facts. Authorized Fund Jerry rice said that the correction of the IMF rules on the issue of continuing payment of the borrower if default on sovereign debt is a small part of the programme of reform from 2014, It does not concern any specific country.

On the structure of external debt of Ukraine read in help Last news


sections: Politics