"We have not merely agreed to restructure the Ukrainian debt but we have also offered the more advantageous conditions of this restructuring than we were asked by the IMF. We were asked to postpone the payment for the next year. I said that we were ready for a deeper restructuring: ready to receive no money this year but obtain one billion next year, another billion in 2017, and one more billion in 2018," he said.
Putin hopes that the U.S., EU or the international financial institutions will provide guarantee of payment of Ukraine's $3 billion debt to Russia. "We asked for such guarantees from either the U.S. government or from the European Union or from one of the reputable international financial institutions," he said. Putin hopes that this issue will be resolved by the beginning of December this year.
He stressed that the Western partners needed to reinforce confidence in the Ukrainian economy by appropriate guarantees. "If our partners expect that the solvency of Ukraine will increase, and they persuade us of this, it means that they believe in it. And if they believe, they should provide a guarantee. But if they cannot give a guarantee, it means that they do not believe in the future of Ukrainian economy," Putin said.
At the same time, the president added that if Western partners persuaded the Russian Federation of something unreal, "it will also harm our Ukrainian partners". "We think that this is actually possible, and do not see any problem to share the risks with our partners," the Russian President said.