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Putin instructs Finance Ministry to sue Ukraine for failure to pay debt to Russia

Russia's President Vladimir Putin has instructed the Finance Ministry to take Ukraine to court for failure to pay debt on bonds.

"File a suit then," Putin told Finance Minister Anton Siluanov, when speaking at a meeting with cabinet members.

"It is strange. If they (Western partners) are so confident in the solvency of the country (Ukraine) for the next year, they could have taken part in sharing those risks for four years. I don't understand it," the President said.

Siluanov told the president that European officials had unofficially said that they would not agree to the restructuring of the Ukrainian debt under their guarantees. They did not give any official answers.

"In the letter from the US Secretary to the Treasury, they made it clear that such guarantees cannot be granted," Siluanov said.

[Source: Itar Tass, Moscow, 09Dec15]

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