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 In case of trial, Russia to seek Ukraine's full repayment of loan, - Russian Finance Minister Siluanov

Russia intends to insist on Ukraine's full repayment of $3 bln loan, should the case be taken to court.

This was announced by Russian Finance Minister Anton Siluanov, Censor.NET reports citing Interfax-Ukraine.

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"If it comes to a litigation, we will seek repayment of the debt in full," the minister said.

This week, Ukraine has scheduled a meeting for Oct. 14 which will be attended by the holders of sovereign Eurobonds of all issuances, including the $3 bln loan repurchased by Russia in December 2013 at the expense of the National Welfare Fund. Ukraine offers restructuring Russia's Eurobonds on the terms equal to restructuring other market issuances. Russia, in its turn, does not recognize the debt as commercial and denies any restructuring.

Read more: Ukraine must return Yanukovych's loan in full and on time, - Russian government

"It is wrong to enter into negotiations with commercial creditors, as we have special status," Siluanov said.

"Moreover, they can not arrange it with creditors so far, putting forward different terms in different periods, and afterwards, it turns out that some creditors do not agree to these terms," he added.
 
 
 
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