The US Treasury has called on Russia to restructure the debt of Ukraine

US Treasury Secretary Jack Lew called on Russia to accept the idea of ​​restructuring the debt of Ukraine, which will enable it to gradually become a solvent due to the development of the economy.

“I hope Russia will reconsider its stance regarding the debt restructuring (in Ukraine - IF),” - the minister said in an interview with BBC BBC.

He said: “I believe that it is possible to go, knowing that the restructuring will allow Ukraine to return to the path of economic growth, and it will automatically be able to meet its obligations.”

Ukraine has in December 2015 to restore Russia’s $ 3 billion. Earlier, Russia on such amount bought Ukrainian bonds on the Irish Stock Exchange. In the case of non-payment of debt Ukraine defaulted on Russian bonds, having lost so assistance from the IMF. The fund rules prohibit lending to countries in arrears to official creditors, ie the other State.

Ukraine appealed to Russia to write off 20% of the amount of debt and postpone the payment of the remaining debt over several years, as long as Russia does not agree to this step.

However, as previously reported, the Wall Street Journal, the US and its Western allies are considering changes in lending policy of the IMF in order to enable Ukraine to receive the next tranche of the loan even in the event of default in Kiev by the Russian debt.

These changes can be considered after the G20 summit in Turkey, which will be held on 15-16 November, the publication noted.

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