Russian Federation is prepared for Ukraine to restructure its debt to Moscow, proposing that Kiev pays back a $3 billion loan in equal parts over the next three years, President Vladimir Putin said Monday.
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The worldwide Monetary Fund welcomed an offer by Russian Federation to restructure Ukraine’s debt as a positive step, a spokeswoman for the Fund said on Monday.
Putin said on November 16 that Russian Federation was asking for guarantees for the repayment from the United States, the European Union, or global financial organizations.
He said: “We are ready not to receive any money this year”.
“The proposal was received with interest”, Putin said.
Ukrainian Deputy Finance Minister Artem Shevalev told reporters, an Ukrinform correspondent reports.
“This proposal will be interesting and placed at the basis of regulating (the debt)”, Siluanov said on the sidelines of the summit.Putin said that he had discussed the proposal with President Barack Obama earlier in the day.
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In August, a creditor group reached a $15 billion restructuring agreement with Kyiv that included a 20 percent principal writedown and a four-year maturity extension.
