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 Ukraine does not have to return "Yanukovych's loan" to Russia, Finance Minister Danyliuk says

Ukraine does not have to return the $3 billion loan to Russia, which had been obtained during fugitive president Yanukovych's tenure, prior to Euromaidan events.

As reported by Censor.NET, this was announced by Finance Minister Oleksandr Danyliuk on air of Espreso.TV.

"It was a political loan that we have been forced to take," the minister said.

According to him, the funds might have been spent on certain state payments.

"Our stance is that we do not have to pay this money back," Danyliuk says.

Read more: Confiscation of attached Yanukovych's funds hardly probable this year, Finance Minister Danyliuk says

Earlier, on Dec. 17, 2013 a meeting of Russian-Ukrainian interstate commission was held in Moscow, with participation of Russian President Vladimir Putin and Ukrainian then-President Viktor Yanukovych. A package of 14 documents was signed. In particular, the Russian government promised to buy bonds from Ukrainian government using some of its emergency funds of $15 billion. Russia transferred $3 billion to Ukraine on Dec. 24, 2013, but no subsequent tranches were conducted because Yanukovych and his cronies fled the country after massive political killings in downtown Kyiv.

On Aug. 28, 2015, Russian Finance Minister Anton Siluanov announced Russia would demand full repayment of the $3 billion bonds in December of this year, and intends to spend the money on alleged development of infrastructure. On Sept. 17 then PM of Ukraine Arsenii Yatseniuk said that Ukraine would only pay back on its own loan restructuring terms, or would not pay at all.

President of Ukraine Petro Poroshenko said in his interview to Bloomberg that the Russian loan of $3 billion was a bribe received by Yanukovych from Moscow in exchange for refusal from Ukraine's European integration.

On May 4, 2016, Poroshenko signed the bill, adopted by Verkhovna Rada, which makes the temporary moratorium on payment of Eurobonds for the loan granted to Ukraine by the Russian Federation in December 2013 unlimited.



 
 
 
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