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'Russia says Ukraine violated loan terms, no decision on repayment'

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Reuters
Last Updated : Jan 10 2015 | 10:15 PM IST
Ukraine has violated the terms of a $3 billion Russian loan, but Moscow has not yet decided whether to demand early repayment, Russian Finance Minister Anton Siluanov was quoted on Saturday as saying.

Russia lent the money in December 2013 by buying Ukrainian Eurobonds, two months before Ukraine's then-president, the pro-Moscow Viktor Yanukovich, fled the country amid mass protests against his rule.

The terms of the loan deal included a condition that Ukraine's total state debt should not exceed 60 per cent of its annual GDP.

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First Published: Jan 10 2015 | 10:15 PM IST

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