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Ukraine seeks continuation of debt-restructuring talks with Russia: minister

Xinhua, December 31, 2015 Adjust font size:

Ukraine's Finance Minister Natalie Jaresko said here on Wednesday that her country is intended to continue debt-restructuring talks with Russia, which were stalled over Kiev's ban on debt repayments.

"I expect that our dialogue will continue in January, after winter holidays," Jaresko told reporters during a media conference.

Earlier this month, Ukrainian Prime Minister Arseny Yatsenyuk has ordered the cabinet to impose a moratorium on repayments of its multi-billion debts to Russia and said that Kiev was preparing for a legal battle with Moscow over the debts in court.

The moratorium, which took effect on Dec. 20, applies to a 3-billion-U.S.-dollar loan in the form of Eurobonds borrowed from Russia by the Ukrainian cabinet in December 2013 and several government-guaranteed loans totally worth 582 million dollars.

Moscow has previously said that it will appeal to an international court to recover the Eurobond debt, if Ukraine fails to pay it by Dec. 31. Endit