The Verkhovna Rada of Ukraine adopted the law, which gives the Cabinet the right to suspend payments on foreign debt obligations, trapped in the perimeter of the planned restructuring.
before the government of Ukraine submitted to the Parliament a draft law "on peculiarities of the transactions with the state, guaranteed by the state debt and local debt," allowing the Cabinet if necessary to stop the payments to the owners of the international debt of the country.
Total debt of Ukraine is determined currently approximately $ 50 billion, in 2014 it amounted to 71% of GDP, and in 2015, according to forecasts of the national Bank of Ukraine, will reach 93% of GDP. One of the largest creditors of Kiev - the Russian Federation, and it has repeatedly stated about the fact that he didn't want to make concessions on repayment of loans. Russia expects Ukraine on 20 June of the next coupon payment on a two-year Eurobonds 2013 at 3 billion dollars. In this case the Russian Federation on the terms of lending has every reason to demand early repayment of the debt, but as long as this does not.