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EU Fails to Respond to Moscow’s Plan on Ukraine Debt Restructuring

© AFP 2023 / JOHN THYSVladimir Chizhov
Vladimir Chizhov - Sputnik International
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The European Union has not yet officially responded to Moscow’s proposal on Ukraine’s debt restructuring based on guarantees from the bloc, Russia's Permanent Representative to the European Union Vladimir Chizhov said Monday.

Independence Square in Kiev - Sputnik International
Why IMF Debt Reform Will Not Spare Ukraine From Bankruptcy
MOSCOW (Sputnik) — Russia previously offered to restructure Ukraine's $3-billion debt, suggesting yearly installments of $1 billion between 2016 and 2018, based on guarantees from the United States, the European Union or other international financial institutions.

"So far, [Europeans] have not explained it, strictly speaking, a formal response to our appeal to the European Union has not yet been received," Chizhov told the Rossiya-1 television channel.

Chizhov added that the agenda of the upcoming EU summit due to be held Thursday includes the Russia-Ukraine issue.

Russian President Vladimir Putin instructed the government to file a lawsuit against Ukraine if Kiev fails to repay its debt to Moscow by the December 20 deadline.

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