Russia will be requesting that the International Monetary Fund's (IMF) program of financial aid for Ukraine include a condition for the repayment of $3 billion in debt to Russia, Russian Finance Minister Anton Siluanov said in an interview with the Rossiya 24 TV channel.
"As a sovereign creditor, we will be insisting, when the IMF's new, updated program of lending to Ukraine is being drafted, that Ukraine's debt to Russia be included in it. [This is because] in keeping with IMF rules, all sovereign obligations when providing financial assistance to Ukraine must be taken into account... If this is not done, how then can we support such a program by the fund?" he said.
Asked how dialog was being established with the new Ukrainian government, he said, it was not.
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"We have not had dialog at the level of finance ministers. Unfortunately there is none, even though we as creditors ourselves proposed the terms for restructuring $3 billion in Ukraine's debt. We have made our proposal, but Ukraine had not responded to it in any way," Siluanov said, adding that Russia had not yet received any acceptable proposals from Ukraine on debt restructuring.
Russia insists that the terms for restructuring debt for sovereign creditors should be better than for commercial creditors.