MOSCOW (Sputnik) — According to the statement, the ministry is still expecting Kiev to fulfill in full its debt obligations until the expiration of the grace period.
"Ukraine failed today to make a payment on sovereign bonds worth $3 billion, purchased by Russia," the ministry said in a statement.
"Formally, the default will become legally effective if Ukraine fails to repay the debt until the end of the so-called grace period, which expires on December 31," the statement said.
