Status of Ukraine's Eurobond Held By the Russian Federation

December 16, 2015

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Status of Ukraine's Eurobond Held By the Russian Federation, (USA: International Monetary Fund, 2015) accessed November 24, 2024

Summary

This paper discusses the status of Ukraine’s Eurobond held by the Russian Federation. The bond was acquired by Russia’s National Wealth Fund (NWF) pursuant to a decision by the Russian Government to provide assistance to Ukraine. In public statements at the time the bond was issued, Russia’s Finance Minister, Mr. Siluanov, explained that assistance was being provided via the NWF because the funds had not been appropriated in the federal budget, ruling out a direct intergovernmental credit. The IMF staff is of the view that the Eurobond is an official claim for the purposes of the IMF’s policy on arrears to official bilateral creditors.

Subject: Arrears, Bonds, Credit, Credit ratings, Export credits, External debt, Financial institutions, International trade, Money

Keywords: Arrears, Bonds, CR, Credit, Credit ratings, Eurobond, Executive board assessment, Export credits, Finance minister, Government, Investment guideline, ISCR, NWF, Russia's National Wealth Fund, Ukraine's Eurobond

Publication Details

Pages:

3
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/344
Stock No:

1UKREA2015004
ISBN:

9781513508825
ISSN:

1934-7685

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