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Putin proposes Ukraine debt restructuring
“We believe that after our latest offers, a meeting may take place if our colleagues believe it possible to accept our new innovations”, Siluanov told journalists at the G20 Summit in southern Turkey.
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Putin said that rather than seeking $3 billion in debt repayment this year, Russian Federation would be willing to agree to payments of $1 billion a year in 2016-18. “We haven’t not just agreed to restructure the Ukrainian debt, we have offered better conditions than the worldwide Monetary Fund was asking of us”. We were asked to postpone the payment for the next year in the amount of 3 bln [US dollars – TASS]. I said that we were ready for a deeper restructuring.
“One of the positive moments we heard yesterday was that by the end of the year the reform of the global financial architecture that we’ve been waiting for for around 5 years already, may be finalized”, the Minister said.
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Russia wants to reach a compromise over Ukraine’s debt to Russia and has made an “interesting” offer to settle the issue, Russian Finance Minister Anton Siluanov said on Monday.