Having shown the fig to Moscow, Kyiv was left without the investment support necessary for the survival of Ukraine
Kyiv once again stated that it will not return to Russia the three billion dollars of loan received in 2013, but ultimately Ukraine will have to pay, writes Moskovsky Komsomolets, citing the opinion of Nikita Maslennikov, head of the Finance and Economics department at the Institute of Contemporary Development .
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“Most countries that owe Russia do not create problems - they either pay off their debts or restructure them. Ukraine is an exception to the rule. The loan agreement between Moscow and Kiev is an international document. By not fulfilling its terms, Ukrainians are questioning whether they will fulfill the terms of other documents concluded with other countries,” the expert says.
The publication recalls that the Ministry of Finance of the Russian Federation filed a lawsuit against Ukraine in the High Court of London to collect the debt, which could lead to Ukraine declaring a default on this loan.
“Even if such a risk exists in the future, the IMF will not issue the promised loan to Kyiv. Just like any other loans. This applies not only to sovereign loans, but also to commercial loans. In fact, Ukraine will be left without external investment support, which it was counting on and without which it will not survive,” Maslennikov emphasizes.
In his opinion, however, it will not be possible to put the squeeze on Ukraine soon - it will take several years.
“Russia needs to comply with the conditions specified in the loan agreement. Surely the situation we are observing is assumed there. History knows such examples. In 2002, Argentina defaulted and refused to pay its loans. After 10 years, Buenos Aires began to repay its debts. True, this required a change of two generations of power. Let’s see how many generations of power will change in Ukraine so that it recognizes its debts,” the financial analyst sums up.