ANTALYA - Russian President Vladimir Putin said that Moscow had submitted a bid for the restructuring of the Ukrainian debt.
Putin said the official Kiev will accept an annual debt service of a billion dollars for a period of three years, provided that the West provide guarantees, according to Reuters.
Putin, speaking to reporters on the sidelines of the Group of 20 (G20) in the Turkish resort of Antalya, said that Russia provided Ukraine bid that is "better" than what is suggested by the International Monetary Fund (IMF).
"Moscow has made a proposal to try to ensure the full debt service and that would not lead Ukraine in a difficult situation," Putin said, adding that since the Western partners and the IMF sought to guarantee the repayment of debt.
"If the West can give no guarantees, it means he does not believe in the future of the Ukrainian economy," Putin said, adding that this issue should be resolved by December.