You're reading: Russia says it won’t participate in Ukraine restructuring

Russia won't participate in Ukraine's debt restructuring, Bloomberg reported after Finance Minister Anton Siluanov telephone statement made on Aug. 27.

As reported, Ukraine agreed to a restructuring deal with creditors after five months of talks, Ukrainian Finance Minister Natalie Jaresko said.

That includes a 20 percent writedown to the face value of about $18 billion of eurobonds.

Russia doesn’t agree to write down 20 percent of the $3 billion in eurobonds it bought from Ukraine, according to Siluanov.