Siluanov: Ukraine on public debt are required to have a privileged status

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, said the head of the Ministry of Finance Anton Siluanov.
"except Russian, no official requirement of the creditor was not included in the program of debt restructuring of Ukraine. The IMF is going to abandon its long-standing practice not to lend to countries that have arrears to official creditors. The haste with which this is done indicates that the time to discuss changes to the rules of the Fund, coinciding with the second Ukrainian review of the IMF program, was not chosen unintentionally, "said Siluanov, RIA" Novosti ". The Minister drew attention that the Russian Federation does not want Ukraine to be left without financial support in a difficult situation." However, we are concerned that the introduction of changes in Fund policies enforced by the highly politicized context of the issue of restructuring of Ukrainian debt, " he showed the Minister of Finance." The new policy of the Fund assumes that the Fund will lend to a country that has a delay before official creditor only if the country in good faith tried, but are unable to come to a common understanding with its official creditors. However, with Russia such negotiations, Ukraine was not conducted. Moreover, Ukraine did not want to consider any alternative to the proposal to equalize the debt to Russia with debts to private creditors, " - said Siluanov.



on Thursday, the media announced that North America together with other Western countries assume in November to change its policy of lending to the international monetary Fund to allow the IMF to continue financing of Ukraine in case of Russian default on the loan. 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. 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. 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.


sections: Politics