Russian President Vladimir Putin at the Kremlin in Moscow, May 19, 2015. AFP/ALEXANDER NEMENOV
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Russia demanded Wednesday the timely repayment of all debts owed to it by Ukraine and accused Kiev of effectively preparing the way for default with a new law.The law, approved by Ukraine's parliament Tuesday, gives the government the right to miss payments to its international creditors as it wrangles over the terms for restructuring $23 billion worth of foreign debt.Russia holds a $3 billion Ukrainian Eurobond whose full repayment is due by the end of the year. Ukraine was due to make its next Eurobond repayment to Russia, worth $75 million, on June 20, Siluanov added.Putin said the terms of the Eurobond had been particularly generous to Ukraine and that Russia could have demanded an earlier redemption of the bond but had not done so at the request of the IMF.
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