Russia's Putin says offers Ukraine better terms to restructure debt

BELEK, Turkey (Reuters) - President Vladimir Putin said on Monday Russia had made a surprise offer to restructure Ukraine's debt, telling Kiev it would accept an annual debt repayment of $1 billion over three years if the West provided guarantees.

Russia has until now refused to restructure the $3 billion Eurobond on Ukraine's terms, saying the debt cannot be considered commercial. It has threatened to take Ukraine to court if it fails to repay the bond in full and on time next month.