MOSCOW, Jan. 12 - Ukraine has breached the conditions governing the provision by Russia of a $3 billion loan by allowing its state debt to exceed its GDP by 60% and therefore Russia has all grounds to demand early repayment of the loan, but the decision has not been made yet," Russian Finance Minister Anton Siluanov said.

"Ukraine has indeed breached the conditions governing the provision of the loan, namely, the condition that Ukraine's state debt cannot exceed 60% of the GDP," Siluanov told reporters on Saturday commenting on the reports saying that Russia may demand early repayment of the loan from Ukraine due to violation of the conditions governing the provision of this loan.