Russian Finance Minister , Anton Siluanov , is increasing its pressure on Ukraine with his statement yesterday that Russia will declare it a default if Ukraine fails to pay off a $ 3bn eurobond in debt , and has called on the International Monetary Fund to help Ukraine repay the bond . Russia 's finance ministry is preparing a " concrete plan of actions " in case of a default , which includes taking Ukraine to court on the bond , said Siluanov . As we have previously noted , the bond , which Russia bought from former President Viktor Yanukovych in 2013 , remains a milestone in Ukraine 's debt overhaul , needed to keep an IMF - led bailout on Ukraine and help lift the country from recession .
Russian Finance Minister, Anton Siluanov, is increasing its pressure on Ukraine with his announcement yesterday that Russia will consider it a default if Ukraine fails to pay off a $3bn eurobond in December, and has called on the International Monetary Fund to help Ukraine repay the bond. Russia's finance ministry is preparing a "concrete plan of actions" in case of a default, which includes taking Ukraine to court on the bond, said Siluanov. As we have previously noted, the bond, which Russia bought from former President Viktor Yanukovych in 2013, remains a wildcard in Ukraine's debt overhaul, needed to keep an IMF-led bailout on track and help lift the country from recession.