Ukraine ready to sue Russia over refusal to restructure debt — Ukrainian PM

2015/10/15

KIEV, October 15. /TASS/. Ukraine is ready to sue the Russian Federation over its refusal to restructure Kiev's debt in the amount of $3 bln, Ukrainian Prime Minister Arseniy Yatsenyuk said Thursday.

"We are ready for judicial proceedings," he said.

According to Yatsenyuk, Kiev offers Moscow to re-examine on October 29 the conditions of partial relief of Ukrainian debt that were earlier submitted to the special committee of creditors.

"The issue with $3 bln debt Russia should restructure and partly write down remains outstanding. We suggest that Russia accept restructuring conditions of the creditors committee on October 29," Yatsenyuk said.

"No other conditions will be offered to Russia," he added.

Ukraine's foreign guaranteed debt currently stands at $70.5 bln, Yatsenyuk added.

"Total amount of the foreign debt was $73.1 bln as of December 31, 2013. The state and guaranteed debt was $70.5 bln as of September 1, 2015," he added.

Ukraine’s Ministry of Finance has been dealing with restructuring for 1.5 years, Yatsenyuk said.

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