The International Monetary Fund abolished a ban on crediting of countries that have overdue loans of sovereign debt. Thus Ukraine, even in the event of default on Russian bonds for USD 3 billion, can count on the continuing flow of money from the IMF. Russia voted against this decision and has stated that it will appeal this decision.
Russia calls on Ukraine to repay $ 3 billion of debt for controversial bonds that were issued in late 2013 as part of financial assistance to Yanukovych regime in exchange for a waiver of Association with the EU. Putin promised Yanukovych $ 15 billion, but gave only three. Maturity securities expires December 20.
