The U.S. Treasury Department holds out hope that Russia will re-check his position on the debt of Ukraine

The head of U.S. Treasury Jacob Lew expressed hope that the Russian Federation will re-check its position relative to debt, since It on the one hand it is important to restore its solvency and to return the lender the opportunity to return the debts.

"I think they could have done to recognize that the restructuring enables Ukraine to return to economic growth. This is critically important for Ukraine that automatically will be able to meet its obligations, " Lew said in a radio interview on Wednesday.

"I have a dream that the Russian Federation will re-check the position on the restoration of debt ", - he added. Lew noticed that the productive work of Ukraine and Russia on the settlement of disputes and the implementation of the Minsk agreements crucial for both sides, and world geopolitics in General.

Ukraine has the risk to prevent a default on Treasury bonds by Russia at $ 3 billion, the deadline for repayment of which occurs in early winter. The Agency Tuesday citing a source informed that the Russian Federation is currently looking for options to block the next tranche of the IMF, if the default will be allowed. However, officials of the Russian Federation spoke about this possibility. So, the Minister of Finance Anton Siluanov didn't exclude that the Russian Federation may exercise its right to a sovereign borrower, and to require the Foundation to recognize the program of payment of Ukraine is untenable.

The Ukrainian government treats the debt to Russia in $ 3 billion commercial since it was formed as a result of redemption of bonds to the Irish stock exchange. However according to the rules of the IMF, the tool in this case is irrelevant. The status of the debt qualifies for the purchaser. Currently, the rules of the Fund defaulted on sovereign debt to stop the assistance program upon written request of the lender.

Ukraine in fact is attempting to equate the Russian debt to other commercial debts, which were purchased on the market at a discount up to 40%. The offer from Ukraine, which Russia refuses to discuss it, involves a credit for 20% less, and some years after payment of the IMF. At the same time, Russia bought Ukrainian bonds at full Price, low, market, using its reserves of national welfare Fund.


sections: Politics