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 Russia's PM says Ukraine won't repay debt, orders legal action

медведев

Russia must force Ukraine to repay the loan in full, taking into account all penalties. Deputy prime ministers have been instructed to hire lawyers and prepare legal action to recover the debt from Kyiv.

As reported by Censor.NET citing RIA Novosti, it was stated by Prime Minister Dmitry Medvedev.

Also, the Russian prime minister said there was no doubt that Kyiv would not pay. "There is no doubt they [Ukraine - ed.] won't pay, we are well aware of the line chosen by the Ukrainian government: in fact, it is a manipulation and violation of international obligations, this is how it should be treated," Medvedev said.

Read more: Russia refused to discuss debt restructuring with Ukraine, - Government Commissioner Lisovenko

"There is one more issue that concerns Ukraine. Dec. 20 was the deadline for Ukraine to repay the $3 billion Eurobond. This should be treated as a financial default, which is a legal fact and, if you like, a historical fact already," Medvedev added.

"There are still 10 days of grace period, when the debt can be repaid without penalty. But, judging by the statements of Ukraine's officials, they do not intend to pay, accordingly, a default in the legal sense will occur in 10 days. After all these events, the sanctions will take effect. In this case, we need to use protective measures to secure the repayment," the PM noted.
 
 
 
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