Ministry of Finance of the Russian Federation
Ministry of Finance of the Russian Federation
20.11.2000

PRESS RELEASE Russian delegation led by Sergey Kolotukhin, Deputy Minister of Finance met with the Forum of Trade Creditor Groups in London

 

On Thursday 16 November a Russian delegation led by Sergey Kolotukhin, Deputy Minister of Finance met with the Forum of Trade Creditor Groups in London. The Russian delegation presented proposed terms for a resolution of the trade creditors’ Soviet-era claims. The proposal was consistent with the treatment of Late Joining Creditors under Vnesheconombank’s 1997 London Club restructuring and an exchange of such trade indebtedness for Russian Federation US Dollar denominated Eurobonds dated 2007 to 2030 and Russian Federation US Dollar denominated Eurobonds dated 2006 to 2010. The terms of this proposal have been posted on the Ministry of Finance’s web site (www.minfin.ru) on Monday 20 November.