Siluanov: Russia opposes restructuring of Ukraine's debt, will go to court if obligations not met - Apr. 17, 2015

Siluanov: Russia opposes restructuring of Ukraine’s debt, will go to court if obligations not met

Published April 17, 2015 at 11:24 am

A worker of Russian gas and oil giant Gazprom works on Feb. 18, 2015 in Novoprtovskoye oil and gas condensates oilfield at Cape Kamenny in the Gulf of Ob shore line in the south-east of a peninsular in the Yamalo-Nenets Autonomous District

Photo by AFP

Russia is not going to restructure Ukraine's debt worth $3 billion and will file a lawsuit if Ukraine fails to meet its obligations, Russian Finance Minister Anton Siluanov said.

“We will not agree to any restructuring. We will wait for Ukraine to
fulfill its obligations. If obligations are not met we will go to an
arbitration court in line with the agreement on the investment of the
National Welfare Fund’s money to bonds of Ukraine as a sovereign
[state],” Siluanov said.

Russia may file a lawsuit in line with British laws as it is provided
in case of a default or of Ukraine fails to fulfill its obligations, he
said.