Putin proposes Ukraine debt restructuring

2015-11-16 21:01
Russian President Vladimir Putin. (AP)

Russian President Vladimir Putin. (AP)

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Antalya - Russian President Vladimir Putin is proposing restructuring the $3bn debt owed by Ukraine to his country.

The surprise announcement by Putin at the summit of G20 leaders in Turkey on Monday could be a significant step toward promoting stability in Ukraine as fighting between government forces and Russia-backed separatists in eastern Ukraine dies down.

Putin said that he had discussed the proposal with President Barack Obama earlier in the day.

Putin said that rather than seeking $3bn in debt repayment this year, Russia would be willing to agree to payments of $1bn a year in 2016-18.

He said: "We are ready not to receive any money this year." He said Russia has asked for guarantees for the repayment from either the United States or the European Union.

Read more on:    russia  |  ukraine

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