Russia Isn’t Ready to Restructure Ukraine’s $3 Billion Debt Due December
People waves at Pro Russian fighters in Uglegorsk 6 kilometers south west from Debaltseve on Feb. 9, 2015.
Photographer: Dominque Faget/AFP via Getty ImagesThis article is for subscribers only.
Ukraine asked Russia last month to restructure its $3 billion bailout bond, a request the government in Moscow isn’t ready to meet, according to Finance Minister Anton Siluanov.
“They said that they are turning to all creditors with a proposal on restructuring,” Siluanov told reporters in Istanbul Tuesday. “On the one hand, the money is everywhere included in our plans, in the balance of payments and the budget. On the other, we aren’t in a position to give up so easily on our commitments. The return of our resources, which were once invested in another country’s bonds, is very important.”