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18 of October, 16:49

Kiev refused to recognize the debt to the Russian sovereign
Ukraine adheres to the position, and in court that the debt to Russia $ 3 billion is not a sovereign, said the Commissioner of the Ministry of Finance of Ukraine.
"Our position in the court, Oh, no, it is not (sovereign debt) ", ? a said news Agency in the Ministry. In addition, the Commissioner of Finance of Ukraine said that the dialogues in relation to this debt with Russia in the near future are not planned.
before Tuesday, the head of the Ministry of Finance of the Russian Federation Anton Siluanov said that the Ministry would not discuss with Ukraine its debt by $ 3 billion, as long as Kiev does not recognize his sovereign and will not offer the restructuring rules are better accepted than commercial lenders. Yesterday Deputy Finance Minister Sergei Storchak said Moscow retains hope for a pre-trial settlement of the dispute between Russia and Ukraine about the debt in 3 billion dollars. September 21 Ukraine has expressed readiness to discuss the issue of the debt to Russia in the pretrial order. The head of the Ministry of Finance of Ukraine Alexander Danilyuk declared that he is ready for such a meeting, the commissioners of Russia only through the mediation of Germany and the IMF. July 28, the Finance Ministry said that the Russian Federation filed in London's High court a motion for an expedited ruling on the suit, filed in connection with the failure of Kiev's obligations on the debt to 3 billion dollars. The Ukrainian side insisted that Russia has adopted the same rules as commercial creditors (who agreed to the restructuring). Kiev is motivated by the desire as if to put the creditors in equal rules. However, the international monetary Fund has officially confirmed that the debt of Ukraine to Russia is a sovereign, not commercial, in other words, has a fundamentally different status. However, Ukraine has long denied it. According to the IMF rules, the respect of sovereign debt means it has the ability to be restructured on the same terms as the debt to private creditors ? rules for sovereign debt restructuring are required to be by default better. Kiev said that taking into account the position of the Fund, But in the end will not be able to pay the debt without violating the primary rules of the loan.

sections: Politics

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