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The Ministry of Finance of the Russian Federation sues to Ukraine and will pursue default

The President of Russia Vladimir Putin during the meeting of the government instructed the Minister of Finance Anton Siluanov to sue Ukraine for non-payment of bond debt in the amount of three billion dollars, which in Kyiv called the «loan of Yanukovych».

Russian loan of three billion dollars was issued in November 2013, following negotiations of Viktor Yanukovych with Vladimir Putin. «Apply to the court», – quotes the words of the President of the news Agency TASS.

Earlier on Wednesday Russian Prime Minister Dmitry Medvedev said in an interview with five Russian TV channels that Russia would seek a default on all obligations of Kiev, writes «Rossiyskaya Gazeta».

According to him, the international monetary Fund (IMF) for the first time in history questioned the status of sovereign debt and now must prepare for the flood of requests from other countries-borrowers.

We will remind that on the eve of the IMF Board of Directors decided to reduce the system of criteria of lending to countries that have outstanding overdue debts to other States. He is willing to allow a default if the government in good faith, but unsuccessfully tried to negotiate with their creditors.

The decision took effect immediately, although the Russian representatives voted against the initiative.

Earlier, the Ukrainian side stated that it will not repay the debt without changing its terms, but Russia has refused to discuss a debt restructuring without the safeguards of the International monetary Fund.

The Ministry of Finance of the Russian Federation sues to Ukraine and will pursue default 09.12.2015

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