The IMF has decided not to return $3 billion to Russia
Moscow - Simferopol, March 23 (PolitNavigator, Mikhail Stamm) - The IMF, in its calculations to save the Ukrainian economy, does not expect Ukraine to pay off its debt to Russia in the amount of $3 billion by the end of the year. Previously, Moscow stated that it would not provide Kyiv with a deferment on the debt , writes RBC.
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As part of the IMF’s plan to close the $40 billion “hole” in the Ukrainian budget, Kyiv is going to restructure its debts in the amount of $4 billion over the next 15 years, writes the Financial Times. According to IMF forecasts, Ukraine should “win” $5,2 billion thanks to “debt operations” (restructuring). At the same time, now Kyiv, in accordance with its debt obligations, is obliged to pay $7,7 billion to creditors by the end of the year.
It follows from this that if Kyiv acts in accordance with the IMF project, then $3 billion will not be paid to Russia by the end of 2015.
“It is clear that the IMF assumes that Ukraine’s $3 billion debt to Russia will be included in financing from the $5,2 billion of ‘debt operations’,” the FT quoted former IMF official Charles Blitzer as saying. At the same time, the IMF said that it does not talk about Ukraine’s debts to specific creditors. “Which debts will be involved in “debt operations” is up to Kyiv to decide,” the organization noted.
In February, the head of the Russian Ministry of Finance, Anton Siluanov, said that Russia expects Kiev to return $2015 billion in December 3. The minister noted that Ukraine has turned to Russia with a request to restructure the debt, but Moscow cannot make such a decision.
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