Kiev to Discuss $3Bln Debt to Russia at IMF Meetings
US Assistant Secretary of State for European Affairs Victoria Nuland said Thursday that Kiev is expected to discuss its $3 billion outstanding Eurobond debt to Russia at the International Monetary Fund and World Bank meetings this week.
"My understanding is that the Ukrainian government is now approaching the Russian government and that conversation may begin in the coming days," Nuland said during a US Senate hearing on the Ukrainian economy. She noted that she was not aware of formal discussions between Russia and Ukraine on the Eurobond issue. The IMF-World Bank conference is taking place this week in Lima, Peru.
In September, Ukraine reached a debt restructuring deal with a number of its creditors to write down an outstanding $18 billion debt. Russia has refused to accept the restructuring deal and has called on Ukraine to repay the $3 billion debt issued by Russia in December 2013.