"The Russian government plans to provide 5 billion of 15 billion dollars which it intends to lend Ukraine through its special drawing rights (SDR) at the IMF and the other 10 billion from the National Welfare Fund," Russian Finance Minister Anton Siluyanov said in a radio interview on Friday.
"We can use SDR to provide credit resources to our neighbor on loan terms so that they can settle up with the IMF. The SDR resources will be extended on the same terms as the Welfare Fund money, at an annual interest rate of 5%. All the Eurobonds mature in late 2015," Siluyanov said. He reminded that Russia bought 3 billion dollars' worth of Ukrainian eurobonds in December. Speaking about Ukraine's ability to redeem the bonds on time, the minister said the country could do this either with its own revenues or by refinancing, both on domestic and foreign markets. "Although this is a short period, we believe that at the end of 2015 Ukraine will be able to repay us," Siluyanov said.