Putin: Ukraine will have to return $3 billion in December
Moscow - Kiev, February 4 (PolitNavigator, Mikhail Stamm) - Russian President Vladimir Putin made it clear that Moscow in December will demand from Ukraine the return of $3 billion loaned to the Yanukovych government at the end of 2013 as a reward for delaying the signing of an association with the EU. In all likelihood, this will provoke a default in Ukraine - unless, of course, it happens earlier
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Last night, speaking at an anti-crisis meeting with officials of the government and the Central Bank of the Russian Federation, Putin noted that additional resources would be required to implement the anti-crisis plan. “As in past years, when we faced problems with the external environment, we used funds from our reserve funds, including the National Welfare Fund,” the president is quoted as saying "KP". “Let me remind you that as of January 1, 2015, the volume of funds of the National Welfare Fund is 4 trillion 388 billion rubles.”
At the same time, Putin noted, a significant part of these resources is placed in various financial instruments, including debt obligations of Ukraine - 169 billion rubles, the same $3 billion issued as a loan to Yanukovych.
“The repayment period begins in December of this year,” the Russian President recalled. “We, of course, must, first of all, use these funds for our needs.”
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