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Russia Wants Ukraine to Seek Direct Debt-Restructuring Talks

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Russia said only direct talks with Ukraine may change its refusal to join debt restructuring negotiations, as a deadline looms for the authorities in Kiev to unlock vital aid for the country’s battered economy.

There has been no official contact with Ukraine’s Finance Ministry about renegotiating $3 billion of Eurobond debt, Russian Deputy Finance Minister Sergey Storchak said in an April 3 interview in Moscow. Russia expects to be paid on time and in full when the debt matures in December, he said.