Ukraine's finance minister says there is still a chance to avoid a court battle with Russia over $3 billion of debt that Kyiv defaulted on in December.
U.S.-born Finance Minister Natalie Jaresko spoke to Bloomberg News on the sidelines of the World Economic Forum in Davos, Switzerland.
Jaresko said Ukrainian and Russian Finance Ministry officials may meet "in the near future" to discuss the issue, Bloomberg reported on January 23.
She said she thinks "it’s still very possible to reach a consensual agreement out of court with Russia."
Russia bought a $3 billion Ukrainian bond late in 2013 as part of an aid package widely seen as a reward for then-President Viktor Yanukovych's decision to scrap plans for a landmark deal with the European Union and tighten ties with Russia instead.
But Yanukovych was pushed from power in February 2014 by huge protests over that decision. The debt became a bone of contention after Russia seized the Crimean Peninsula and supported separatists in eastern Ukraine.
Russia’s Finance Ministry said on January 1 that it had taken measures to start legal proceedings over the debt.
Based on reporting by Bloomberg and Interfax
Editors' Picks
Top Trending
1
The Ukrainian Fingerprints On A Shadowy Assassination Campaign On Russian Soil
2With Wagner In Disarray, Russian Diplomat With Spy Links Surfaces In Central African Republic
3'Liquidated': Two 'Traitors Of Ukraine' Killed In Separate Incidents
4Kyiv Expects Delivery Of F-16s 'Soon' As Further U.S. Aid Remains Stalled In Congress
5Germany Delivers Fresh Military Aid Package To Ukraine
6Live Briefing: Russia Invades Ukraine
7Offhand Remark Or Political Theater? Putin's Announcement Belies Kremlin’s Penchant For Pageantry
8Russian Opposition Leader Navalny Missing For Three Days, Life 'At Risk,' Supporters Say
9Iranian Rapper Tataloo Detained Upon Arrival After Being Deported From Turkey
10With Aid In Doubt And Advances Slow, Ukraine Struggles In The War's 'New Phase'
Subscribe
