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Russian finance minister discusses with IMF Ukraine's overdue debt to Russia

Russia's Finance Minister Anton Siluanov discussed with the International Monetary Fund officials Ukraine's debt of $3 billion overdue since 2015.

Representatives of the Russian and Ukrainian delegations did not have official meetings on the fringes of the spring session of the IMF and the World Bank, the minister said.

"As for meetings with the International Monetary Fund, yes, the talks did take place, where we discussed cooperation with the International Monetary Fund on Ukraine's necessary fulfilment of its obligations and on consequences from that default, which Ukraine had on our papers," he said in an interview with the Vesti on Saturday weekly television show, adding the talks were under way.

The Ukrainian delegation was headed by Natalya Yaresko, who at the time she came to the spring session in Washington still was Ukraine's finance minister. The country's parliament voted for the new government of Prime Minister Vladimir Groisman on April 14, where the new Finance Minister is Alexander Danilyuk (former Head of the Presidential Administration).

"As you know, Ukraine has changed the government recently, the finance minister, the prime minister, thus the delegation which has come to the G20 summit is not legitimate," the Russian minister said.

He said as the Russian delegation prepared its participation in the session, it did not plan meetings with the Ukrainian delegation, "as all earlier contacts demonstrated a lack of productive negotiations process on settlement of Ukraine's debt to Russia."

Siluanov and Yaresko had only one meeting on Ukraine's overdue debt in mid-October, 2015, in Peru's capital city Lima at the annual meeting of the IMF and the World Bank. During that meeting the parties confirmed their positions, though they failed to agree the debt's restructuring. Later on, Germany's finance ministry became a mediator, however till now there is still no agreement on the debt.

[Source: Itar Tass, Washington, 16Apr16]

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