Ukraine’s PM discusses debt restructuring with ambassadors of G7 states

Ukrainian Prime Minister Arseniy Yatsenyuk has discussed the issue of the country’s debt restructuring with ambassadors of G7 states, the government press service said on Thursday.

“Issues related to implementation of Minsk agreements and the current situation in Ukraine’s east, Ukraine’s debt restructuring and issues related to preparation to introduction of the Agreement on free trade zone with the EU on January 1, 2016 were discussed at the meeting,” the press service reported.

On Wednesday, Finance Minister Natalia Yaresko said that Ukraine has not yet received any official offer from Russia on debt restructuring.

Russian President Vladimir Putin said at the G20 summit that Russia had offered installment payments to Ukraine in 2016-2018 years, $1 bln per year. “We have not just agreed to restructure the Ukrainian debt, we have offered better conditions than the International Monetary Fund was asking for. 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. We are ready not to receive any money this year, $1 bln next year, another $1 bln in 2017 and 2018,” Putin said.

On November 18, Russian Sherpa at G20 Svetlana Lukash said that the International Monetary Fund and the United States will consider Russia’s proposals on restructuring of Ukraine’s debt. “They’ll be further developed, particularly, there is an agreement reached both with the IMF and the US side that our proposals will be considered and we’ll try and find some kind of a general approach to the solution of the problem,” she said.

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