Ukraine urges Russia to restructure debt

Kiev, Oct 15 (IANS) The Ukrainian government on Thursday urged Russia to agree to restructuring its debt of $3 billion by October 29 or else it will go to international courts.

“The question of the debt amounting to $3 billion, which Russia must restructure and partially write off, has not been resolved,” EFE quoted Ukrainian Prime Minister Arseniy Yatsenyuk as saying.

“(By) October 29, we propose that Russia decide for themselves: do they want to accept the conditions that we proposed to all other creditors, or do they believe that they are unique?”

“If they believe that they are unique, we are ready for a legal case with Russia,” he added.

Yatsenyuk said that all creditors of Ukraine, but one, accepted the conditions of both cancellation and the restructuring of debt.

Moscow has refused to restructure the debt of Kiev and claims its full and timely payment.

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