WASHINGTON (Sputnik) — Russia and Ukraine should discuss possible ways to restructure Kiev’s outstanding $3 billion debt to Moscow, International Monetary Fund (IMF) Communications Director Gerry Rice said in a briefing on Thursday.
"The IMF encourages both sides to engage in constructive discussions on the restructuring of this bond to promote the necessary financing for the program being supported by the IMF in Ukraine, and to help restore debt sustainability," Rice stated.
However, Russian Deputy Foreign Minister Vasily Nebenzya said on Friday that Moscow does not have any plans of discussing Ukraine’s outstanding debt.
Kiev stated in August it had reached an agreement with private sector creditors to restructure $18 billion of its debt.
Ukraine’s debt amounts to $70 billion, of which some $40 billion the country owes to international money lenders.
