Genus of classes

The IMF Board of Directors recognized the official status of the Russian loan to Ukraine for $ 3 billion provided in December 2013. As TASS reports , the Council’s decision automatically entered into force due to the lack of objections.

"On December 16, 2015, the Board of Directors decided that the claims on Eurobonds for $ 3 billion issued by Ukraine on December 24, 2013 and located in the Russian National Welfare Fund for official claims for expired payments for official bilateral creditors," the press release said by the IMF press service said.

According to the document, the issue was submitted to the board of directors of the Fund at the initiative of Russia, it was considered according to a simplified procedure. Nobody put forward objections to recognition of a loan by a sovereign or proposals to arrange an official discussion on this occasion.

According to the IMF experts, “the claims for this issue of Eurobonds are official in nature,” since these bonds, firstly, are “located in the FNB, acting on behalf of the Russian government,” and secondly, “stem from a transaction under which the FNB on behalf of the Russian government provided financing to Ukraine.” The press release emphasizes that "at the moment, Ukraine does not have expired payments to official creditors."

Ukraine insisted on a commercial status of debt to Russia and to resolve this debt on conditions agreed with commercial creditors.

On December 9, Vladimir Putin instructed the Ministry of Finance to sue Ukraine for non -payment of debt on Eurobonds. European officials informally reported that they would not agree to the restructuring of Ukrainian debt for their guarantees, the Minister of Finance Anton Siluanov reported to the President at a meeting with government members. The head of the US Department of Finance received an official letter of refusing guarantees. ".

In December 2013, when Viktor Yanukovych was in power in Ukraine, Russia redeemed Ukrainian Eurobonds for $ 3 billion. In June of this year, President of Ukraine Petro Poroshenko called this loan "bribe" to Yanukovych for the abandonment of European integration.

In August, Ukraine and the Committee of the largest private creditors agreed to write off 20 percent of the debt on state bonds. Ukraine asked Russia to agree to the same conditions for writing off the debt as the rest of the creditors. However, Siluanov said that Moscow would not participate in restructuring. On November 16, Putin said that Russia agreed to restructure the debt of Ukraine for three years and agreed to discuss the details of this proposal with partners in the near future.

On November 20, Ukrainian Prime Minister Arseniy Yatsenyuk said that Kiev would not pay Russia . According to him, the Russian side will also not receive other conditions of restructuring. “The basic condition is a reduction in the debt by 20 percent, the transfer of all debts by four years,” Yatsenyuk said. “You don’t want to, then you will receive a decision of the Ukrainian government to introduce $ 3 billion to the payment of Russia. I just want to explain to our neighbors and the aggressor: we will not pay $ 3 billion.”