Contents tagged with Yanukovych debt
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Kremlin: Russia ready to sell Yanukovych debt to another country
Russia is ready to sell Ukraine’s debt on the so-called “Yanukovych loan” to another country, Russian Deputy Minister of Finance Sergey Storchak said on Thursday.
“Theoretically, this could be money and securities of some other state that is ready to take on Ukraine’s debt because of its special relationship with Ukraine, and could quickly work to reach a compromise. Still, the burden associated with the return of more than three billion dollars is a significant burden on any budget. We fully …
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Russia expects Ukraine to pay back $3 billion for Yanukovych debt
Russia believes that it has every reason to expect Ukraine to pay back $3 billion for the debt of Viktor Yanukovych, news agency Tass reports.
“The High Court of London made a decision, and at the beginning of next year the appeal will be considered. I am confident that an objective decision will be made, and we will have every reason to demand from our neighbor the fulfillment of its obligations,” said Russian Minister of Finance Anton Siluanov on Sunday on the Russia 1 television station.
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London's High Court of Justice's decision on 'Yanukovych's debt' case will not affect cooperation between Ukraine and the IMF
The IMF acknowledged the London's court decision on the case regarding Ukraine’s debt to Russia, but indicated it did not influence their current agreement with Ukraine, as was reported by Interfax-Ukraine.
The Board of Directors of the International Monetary Fund (IMF) has stated that they are not influenced by the decision of the High Court of Justice in London in a lawsuit by the Russian Federation regarding the $3 billion worth of Eurobonds owed to them by Ukraine, as indicated in the Fund’ …
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IMF calls on Ukraine to continue its attempts to reach an agreement with Russia on 'Yanukovych's loan'
The International Monetary Fund (IMF) urged Ukraine to continue its attempts to reach an agreement with Russia on the so-called "Yanukovych loan", which refers to Eurobonds that were sold to Russia in late 2013 shortly before the flight of President Viktor Yanukovych from Ukraine.
This was stated in a message sent out by the Fund after the completion of the third review of its program of cooperation with Ukraine.
"Ukraine’s international partners have provided substantial financial and …
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Ukraine loses the 'Yanukovych debt' case to Russia at the London Hight Court of Justice
On March 29, the London High Court of Justice decided to prioritize the consideration of Russia’s case against Ukraine regarding the Eurobonds for $3 billion, without conducting full-scale legal proceedings as requested by Russia.
The essence of the case is as follows. Ukraine received a loan of $3 billion from Russia in December 2013 during Yanukovych’s presidency. Russian President Vladimir Putin promised Yanukovych $15 billion, but due to Ukrainian revolution, he gave only $3 billion. In …