The Ministry of Finance of the USA: Russia should reconsider its stance on the debt of Ukraine
USA nourish the hope that the Russian Federation will re-check his position on the debt of Ukraine, as This will help it to repay debts, said the head of the American Ministry of Finance Jacob Lew. "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 ", - quotes RIA "Novosti" message pour in conversation BBC radio 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. On 13 October the head of the Ministry of Finance of the Russian Federation Anton Siluanov has told about attempts of the IMF to help Kyiv to freeze the debt to Russia. On the same day, Russian President Vladimir Putin ordered Minister of Finance to discuss with the IMF providing Ukraine with additional assistance in $ 3 billion for debt payments Moscow. 30 October reported that the Ukrainian government plans to adopt an opinion on a moratorium on the payment of Russian debt in 3 billion dollars. On October 26 the Prime Minister of Ukraine Arseniy Yatsenyuk said that if Russia wants Ukraine returned to her at least part of the debt in 3 billion dollars, it has until October 29 to accept the terms of Kiev to its restructuring and partial forgiveness. According to the Ukrainian Prime Minister, otherwise Moscow will have to go to court. For its part in the Russian Finance Ministry told that the Russian Federation will not take part in the meetings of private creditors of Ukraine on restructuring the debt of Kiev. The head of the Ministry of Finance Anton Siluanov said that the requirements of the Russian capital to Kiev are bound to have a privileged status in comparison with the requirements of the private creditors, because the debt in 3 billion dollars is a sovereign loan. Also, the Finance Minister said that the Russian Federation will take legal action to protect its interests as a creditor, if Ukraine will repay the debt in 3 billion dollars at the beginning of winter. Remember, at the end of summer Ukraine has agreed with creditors about write-off of 3, 6 billion dollars of bond debt totaling about $ 18 billion. While Kiev asked the Russian Federation "to accept the rules of writing off another creditors" to accept a 20 percent debt forgiveness. 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.