European lenders "got angry" from "strong statement" the head of the Ministry of Finance of Ukraine Natalie Jaresko about the fact that they will have to write off part of Ukrainian debts, writes the British magazine the Sunday Times.
One of the largest Ukrainian state-owned banks - the Bank is in danger of default. The only way out of this situation - the consent of the holders of Eurobonds in the amount of 750 million dollars to extend the period of redemption of these securities. This term, according to The Sunday Times, ending at the end of this month. The publication material leads Inet. The Creator of the article emphasizes that even last week the international rating Agency Fitch downgraded the credit chart Ukreximbank " C ", noting that default on their external debt obligations of the Bank is now inevitable."
not so long ago, the Ministry of Finance of Ukraine appealed to the creditors of the Bank With the request to extend the period of redemption of securities, which was announced amid negotiations Between Kyiv and the holders of bonds of the city and wall street " on an issue of great Ukrainian debt. The head of the Ukrainian Ministry of Finance Natalie Jaresko has urged lenders to "forgive" Ukraine for over fifteen billion of debt. According to The Sunday Times, by itself, the default Ukreximbank will not lead to the violation Kiev any loan agreements. But the reaction of the creditors on request Jaresko will be the measurement of how vector will be given more large-scale negotiations on the restructuring of the Ukrainian debt. The journal notes that the bondholders led by an American investment Fund, Franklin Templeton "got angry" articulated even before negotiations "strong statement" Natalie Jaresko that creditors will have to write off part of the external debt of Ukraine. The Head of the Ukrainian Ministry of Finance stressed that the issue on its restructuring must be resolved before the end of may so that Ukraine would not have been out of the program of IMF assistance. Remember, at the end of March Jaresko said that the West is obliged to provide Ukraine with additional cash assistance Except for a package of 40 billion dollars, because the country is bankrupt will cost more." I firmly believe that "seven" and, frankly, also the "Group of twenty" at the present time have the responsibility to provide monetary assistance to Ukraine on a larger scale, " Jaresko said. As before on Sunday celebrated the Agency France-Presse, Ukraine is shaken by several crises that threaten decades of dependence on external assistance. March 12 international monetary Fund Ukraine sent 1st tranche of financial assistance in the amount of 5 billion dollars, only this year it will be allocated 10 billion Allocated money cannot be used for social purposes, they will go to pay off the public debt of the country. However, the Tariffs for electricity, gas, heat and hot water increased for residents of Ukraine From April 1. According to the agreement Between the Cabinet of Ministers of Ukraine and the international monetary Fund, Usually the cost of gas for residents increased by 285%. Electricity rates for residents of Ukraine will be increased in 3, 5 times in the past 2 years. In addition, the water Tariffs for the population will increase at 4-100% From 1 may in connection With the rising cost of electricity. International monetary Fund believes that the decline of the economy of Ukraine in 2015 will amount to 5, 5%. In addition, the IMF Experts believe that in 2015 Ukrainian exports will fall on the background of the overall deterioration in the trade.