Russia makes proposal to IMF over Ukraine

Russia has presented a proposal concerning Ukraine's reimbursement of its $3-billion Russian debt

Russia makes proposal to IMF over Ukraine

World Bulletin / News Desk

Russia has made a proposal to the International Monetary Fund (IMF) over its $3-billion debt dispute with Ukraine, the country's finance minister said at the G20 Summit on Monday.

"Russia has presented a proposal concerning Ukraine's reimbursement of its $3-billion Russian debt," Russian state news agencies quoted finance minister Anton Siluanov as saying at the meeting in Antalya. 

Siluanov described the offer as "interesting" and said it could "serve as a basis to solve the problem" but declined to elaborate on the details.

Moscow has insisted that Ukraine repay by December the $3 billion it issued to Russian-backed president Viktor Yanukovych ahead of pro-European protests that led to his ouster in February 2014.

The dispute has been hampering the IMF's $17.5-billion rescue plan for Ukraine, which restricts Kiev's ability to restructure billions of dollars in debt, including some held by Moscow.

The Russian proposal has not been presented to Kiev, Siluanov said, adding that it would be discussed further with the IMF.

President Vladimir Putin met with IMF chief Christine Lagarde on Sunday, with the Russian leader saying she hoped for "stability" in Moscow's relations with the organisation. 

Putin last month had called on the IMF to lend an additional $3 billion to Ukraine to help the ex-Soviet country pay off its debt to Russia. 

On Friday, Ukrainian Prime Minister Arseny Yatsenyuk reiterated that Kiev would not offer Moscow "better conditions" than to private creditors, who in October agreed to write down $3.6 billion and restructure future debt worth $8.5 billion. 

Güncelleme Tarihi: 16 Kasım 2015, 12:55
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