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Kiev Hopes To Evade Debt Repayment

24.09.2015 10:09

Russia could resolve the issue of Ukraine's debt repayment through court, Ukrainian Foreign Minister Pavlo Klimkin said.

The Ukrainian foreign minister added that Ukraine has experience with such cases and will be ready in case Russia turns to court to ensure the repayment of 3 billion dollars that Ukraine owes it.

Earlier this month, the Russian Cabinet's press service said that it was Moscow's position that Ukraine must repay the debt it owes to Russia in full and on time, specifying that the deadline for repayment is this coming December.

The statement came shortly after Ukrainian Prime Minister Arseniy Yatsenyuk urged Moscow to join the international creditor committee, which has agreed to write off 20 percent, or 3.6 billion out of 18-billion dollars, of Ukraine's external debt.

Russia issued a 15-billion loan to Ukraine in December, 2013, having bought 3 billion-worth of Ukraine's Eurobonds. The rest of the loan was cancelled following the regime change that took place in Ukraine in February, 2014.