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  Politics 
23 of May, 06:02

Storchak said the reasons for the inability of Ukraine
Entrance of Ukraine to foreign markets in the future can be difficult due to tough stance on debt restructuring by private creditors, and among them the possibility of writing off part of the principal debt, said Deputy Finance Minister Sergei Storchak.
"Under the debt sustainability ratios that are currently available in Ukraine, to demand the cancellation of the principal, in my opinion, It looks weird. In my opinion This does not correspond to their own interests of Ukraine ", - quotes news Agency of a word Storchak on radio " Echo of Moscow ". He said that in Accordance with the anti-crisis program agreed with the IMF, Ukraine has to return to debt markets after four years.
"In order to fulfill this task she ought to negotiate with foreign creditors on terms that do not involve, in my opinion, reduce the principal amount of the debt," said Storchak. He said that the liquidity crisis involves rather a reduction of ongoing maintenance costs, that is, we can talk about the reduction of the coupon." Technically This means reducing the size of the coupon payments. It could also mean... Removal of payments for 2017-2018, " explained Storchak. He clarified that the funds accrued conservative institutional investors, and, most importantly, pension insurance savings, important For any sovereign borrower." These tools provide the sale of long-term instruments. If we do not take into account their wishes, to return to the debt market on the horizon 4 years will be very difficult, " said Storchak. The Deputy Minister expressed the view that " over-stiffening the position of our neighbours, colleagues from the Ministry of Finance of Ukraine is unjustified, I think that makes more sense to go the route of reducing the current burden, load, which is not related to the write-off of principal ". He said that given the debt ratios (the ratio of debt to GDP), which currently has Ukraine, the country likely will be located in the state of decline of liquidity, but not solvency ". Storchak recalled that, in the opinion of Kiev, Russia bought for $ 3 billion in 2013 Ukrainian Eurobonds in respect of private loans and hence obliged to fall under the moratorium. The Russian authorities many times argued for timely and full repayment of the debt and payment of the coupon payments." Russia, like Ukraine, is a member of the IMF, and we expect this organization to ensure the interests and Ukraine as a sovereign borrower, and Russia as a sovereign creditor, " said Storchak. Recall, the Verkhovna Rada of Ukraine adopted a law that will give the ability to suspend payments on restructured debt. The Russian President Vladimir Putin called the decision of Kiev weird. In his vision, the Declaration on the fact of default suggests a low level of professionalism. Also, according to Putin, Russian banks have loan portfolios to Ukraine in the amount of 24-25 billion. Prime Minister Medvedev D. A. Also explained the actions of the Rada. According to him, this decision is truly a Declaration of default at the same time with the Declaration of force majeure on debt. For its part, the Finance Minister of Russia Anton Siluanov said that Moscow will turn to international court If the head of Ukraine Petro Poroshenko will sign the law on the moratorium on the payment of foreign debts.


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The Israeli army announced the strikes on the positions of Hamas in the Gaza strip The Israeli army announced the strikes on the positions of Hamas in the Gaza strip

18 of February, 08:04

The Israeli military attacked on Saturday evening eighteen targets in Gaza in response to "acts of terrorism" by Hamas, according to a summary of the press service of the army.

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The Americans came to the protests with a call to strengthen gun control

18 of February, 06:04

 
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