Russian Information Network
Russian All News Top 10 News News Export Photo magazine All comments
 Russian News Russian News 
Politics
Society
Economics
Accidents
Nature & Health
Hi-Tech
Culture
Sport
Celebrities
World News
 


  Politics 
25 of June, 16:02

Arbuzov: Ukraine may declare a default by the beginning of autumn
Ukraine may declare the default at the end of summer - beginning of autumn, If the creditors rejected the latest offer of the authorities of the debt restructuring, said in explanation of the Last news Former 1st Deputy Prime Minister and former head of the NBU Sergey Arbuzov.

first of Ukraine in the framework of the plan of debt repayment has asked creditors to write off 40% of the principal amount of the debt and accept a fresh bond linked to future economic performance. Last week the Minister of Finance of Ukraine Natalie Jaresko said that Kiev was sent to creditors edited proposal, which includes a significant decrease in the amount of the debt, extension of repayment period and fix interest rates. On Thursday in explanations correspondents Jaresko has not ruled in July defaulting on the national debt.

"There needs to be a trilateral meeting of Ukraine, the IMF and creditors, where will be presented a new proposal for restructuring of external debts. It is, However, not much different from the old. Ukraine, pointing to a fresh, even more catastrophic predictions of the wealth of the economy, asks a significant reduction in the principal amount of the debt, extension of repayment period and interest rate. This is the last chance. If the creditors reject This proposal, then, in practice, with 100% probability, Ukraine will default. This will occur approximately at the end of summer - early autumn ", - said Arbuzov.

according to his statement, in the case of default in the country will steadily start to panic, Ukraine will face an uncontrolled devaluation of the hryvnia, which will lead to the unwinding of inflation. Thus, according to Arbuzov, Ukrainian state property abroad has the opportunity to be arrested for claims of creditors, Ukraine will be denied access to international capital markets that will plunge the country into a protracted economic and social depression.

The former head of the national Bank stressed that the government and the national Bank will have to take a number of measures aimed at stabilizing the situation in the economy and curb the panic." But, as was shown last year and a half, the authorities are unable to act effectively in crisis conditions. And That This means that they will not be able to adequately respond to emerging risks, which, moreover, it is easy to have the opportunity to be amplified is inevitable in such a case, political crisis, and possibly the resignation of the government, " - said Arbuzov.

in this case, according to his vision, the authorities will resort to a moratorium on the withdrawal of deposits in foreign currency and restrictions on capital movement that will hit households and businesses.


sections: Politics

116903
eng
ON THIS THEME:
PERSONS ON THIS THEME:
AUTUMN Nicholas
[View all comments] [Print]
  User Comments 
[Add comment]

There are no comments for this article yet. Be first to post a comment!
[Add comment]
  Headline 
Le Pen called for "destroy the EU from within"

17 of December, 01:04

The leader of the French Party "national front" marine Le Pen in the first day weekend at the Symposium in anti-immigration parties in Prague said the European Union States "loses breath" it's time " to destroy it from within."

  Worth to read 
Elections in Poland: leader "Right and justice"


Elections in Poland: leader "Right and justice"25,74 % voters voted for the party "Right and justice". The liberal party "Civil platform" - 23,31 %...
 Russian fighter showed worthlessness of Lithuanian air defence force


Russian fighter showed worthlessness of Lithuanian air defence forceRussian air forces commander-in-chief Vladimir Mikhailov told that in speech in pilots combat training...

Khodorkovsky lodges supervisory complaint


Khodorkovsky lodges supervisory complaintMichael Khodorkovsky is going to make a supervisory complaint on his sentence. That his barristers said,...
 Khodorkovsky lawyer Robert Amsterdam threatened arrest in Russia


Khodorkovsky lawyer Robert Amsterdam threatened arrest in RussiaHe told unknown earlier details of his recent deportation from Moscow.

Roscosmos returns American astronaut only for money


Roscosmos returns American astronaut only for moneyRussia fulfilled all obligations of free NASA astronaut delivery to MKS, therefore the further cooperation...
 NATO plans Kazakhstan`s military budget


NATO plans Kazakhstan`s military budgetNATO suggested Kazakhstan to help in military planning, military budget composition and officers retraining....

  Politics 
Sort by: date rating
USA create of is militants* new armed groups in SyriaKadyrov told the details of the operation to return from Syria two children
The head of the Pentagon promised to deal with the air incident between the US and Russia in SyriaIn Canada, the pharmaceutical tycoon's wife found dead in the basement of the house
Nebesa and Klimkin joined the debate at a meeting of the UN security Council on DPRKThe US has declared its intention not to violate the INF Treaty
The Central Bank told about the reasons of rehabilitation PSBRussia and Egypt have agreed to resume regular flights
Russia and Egypt have agreed to resume flightsIn St. Petersburg detained a man wanted to blow up the Kazan Cathedral
Ulyukayev was sentenced to eight years in a strict regime colonyThe defense Ministry has accused the Pentagon deception of the world community
"Angarsk maniac" will be judged on 60 new episodesZvyagintsev's film "Dislike" was included in the shortlist for the award "Oscar"
The film Andrei Zvyagintsev's "Dislike" was included in the shortlist for the award "Oscar"In the Federation Council called on Russian athletes to carry on the Olympics flags of the regions
A Frank conversation. Key points of Putin's meeting with journalists"Do you want independence?" The key points of Putin's conversation with journalists
Anecdote from Putin and the brightest quotes from a press conferenceThe su-34 bombers returned to Khabarovsk Krai from Syria
 1  2  3  4  5  6  7  8  9  10 >> 5235
 Day headline Day headline 
Finnish media have published top secret information about surveillance of the Russian military

17 of December, 00:04

 
 News of the week News of the Week 
  • Le Pen called for "destroy the EU from within"
  • Finnish media have published top secret information about surveillance of the Russian military
  • Russia will not allow the United States once again to plunge Syria into chaos, said in the Federation Council
  • Kiev is planning in 2018 to expand broadcasting in Crimea
  • In DND stated that the security forces underestimate the number of casualties in the Donbass
  • Approved a new crew that will travel to the ISS
  • USA create of is militants* new armed groups in Syria
  • The head of the Pentagon promised to deal with the air incident between the US and Russia in Syria
  • Kadyrov told the details of the operation to return from Syria two children
  • In Canada, the pharmaceutical tycoon's wife found dead in the basement of the house

  •  Photos Photos 
    Spanish rallies turn violent as million people protest in 80 cities
    Life is a beach for topless stars
    Water finale for Twilight lovers
    Amy lad dead for 6 hours
    Rihanna gets it in the neck
    Virtual Visiting Cards
    Tests
    Game Server


     News by regions News by regions 
    Far East region
    Volga region
    North-West region
    Siberian region
    Ural region
    Central region
    Southern region

     Subscribe Subscribe 
    Name  
    E-mail   
    Type HTML TEXT
    All sections
    Politics
    Society
    Economics
    Accidents
    Science & Technics
    Culture
    Sport
    In the World
    Top 10 today
     once per 3 hours
     once per 6 hours
     once per 12 hours
     once per 24 hours


     
     
     
    Politics Society Economics Accidents Nature & Health Hi-Tech Culture Sport Celebrities World News
      Copyright © RIN 2005-2006 * Feedback