MOSCOW, March 24 – Russia will not receive a $3 billion bond payout owed by Ukraine this year, according to the International Monetary Fund projections underpinning Kiev's new bailout, according to the Financial Times.

"The Ukrainian government is squaring up to its international creditors over its plan to restructure $15 billion of debt over the next four years, part of an IMF rescue to plug a $40 billion hole in the war-torn country's finances. The IMF's plan hinges on co-operation from creditors to accept some sort of restructuring on their debt. This includes Russia, which is due to be repaid a $3 billion bond in December," reads the report.