IMF recognizes Ukraine’s $3 bln debt to Russia as sovereign

WASHINGTON, Dec 17 (PRIME) -- The board of directors of the International Monetary Fund (IMF) has recognized Ukraine’s U.S. $3 billion Eurobond debt to Russia as sovereign, an official told PRIME late on Wednesday.

“The board of directors of the IMF has recognized Ukraine’s debt to Russia as an official, not a commercial one,” the official said, adding that the board made the decision “without a meeting.”

Russia bought $3 billion Ukraine’s 2-year Eurobonds in December 2013. Moscow did not accept restructuring conditions proposed by Ukraine to its commercial creditors. Kiev insisted that the terms of debt repayment to Russia will be the same as for commercial creditors.

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