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Home » » Russia has the right to require prepayment of the loan Ukraine $ 3 billion

Russia has the right to require prepayment of the loan Ukraine $ 3 billion

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Indo Jelajah, Updated at: 2:09 PM

Posted by Unknown on Jan 11, 2015

Russia has every reason to request the early repayment of the loan Ukraine $ 3 billion, but the decision has been made yet, told the Russian Finance Minister Anton Siluanov.

He explained that Ukraine had violated the terms of the loan. "Ukraine is really violated the terms of the loan, namely the exceeding of the national debt of Ukraine 60% of GDP," - he said.

The fact that Russia may soon demand that the Ukraine early redemption of the two-year bond issue for $ 3 billion, earlier on Saturday said a source in the Russian government.

Russia has the right to require prepayment of the loan Ukraine $ 3 billion

"Russia does have every reason to demand early repayment of the loan. However, at present it is not decided yet, "- said Siluanov.
The budget of Ukraine does not provide loan repayment

According Siluanova "surprising as the fact that the state budget of Ukraine for settlement of state obligations in the amount of $ 3 billion is not provided."

"And in front of other borrowers, in particular the IMF, such obligations are performed and will be performed by Ukraine", - said the minister.

In December 2013 Russia bought Eurobonds Ukraine $ 3 billion with a maturity of two years and a coupon rate of 5% per annum.This tranche was the only one of the planned borrowing program at $ 15 billion, an agreement on which was reached with the previous Ukrainian President Viktor Yanukovych.

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