Russia unwilling to restructure Ukrainian debt

Russian Deputy Finance Minister Sergei Storchak

Russian Deputy Finance Minister Sergei Storchak

Ukrainian debt: Moscow is not prepared to restructure the terms of its $3bn loan to Ukraine which is due for repayment in December, Russian Deputy Finance Minister Sergei Storchak told an EBRD business forum in Tbilisi last week. Ukraine is seeking to restructure and reduce the face value of its debt to help it weather the economic crisis that has only been made worse by the conflict in its eastern territories. 
Russia’s tough stance towards Ukraine is in stark contrast to that has adopted in its dealings with Belarus. It is only a matter of days since Moscow agreed to change the terms on the $1.55bn loan that Minsk took out at the beginning of last year.