Jaresko: Russia may declare a default of Ukraine for nonpayment of debt

If Ukraine makes payment to Russia for the bonds of 3 billion dollars, then Moscow can declare a default of Kiev, said the head of the Ministry of Finance of Ukraine Natalia Jaresko.
"If we don't do payment ? Yes ", - quotes news Agency of a word Jaresko in the air " 5 channel ", answering the question about the possibility of the Russian capital to declare the default of Ukraine in case of nonpayment for the bonds by 3 billion dollars. The Finance Minister said that Kiev could not pay.
"No, the payments cannot exercise. On the IMF programme we have clearly defined characteristics, as we can provide anything from budget deficit to return into debt, " she said. The head of the Ministry stressed that it is willing to meet with his Russian counterpart to discuss the issue of restructuring." I'm ready to meet again with the Minister of Finance, I said that they would like us to invite another such meeting after the meeting "Big twenty" in Antalya, and I'm ready to an open dialogue ", - said Yaresko. On 13 October the head of the Ministry of Finance of the Russian Federation Anton Siluanov has told about attempts of the IMF to help Kyiv to freeze the debt to Russia. On the same day, Russian President Vladimir Putin ordered Minister of Finance to discuss with the IMF providing Ukraine with additional assistance in $ 3 billion for debt payments Moscow. 30 October reported that the Ukrainian government plans to adopt an opinion on a moratorium on the payment of Russian debt in 3 billion dollars. On October 26 the Prime Minister of Ukraine Arseniy Yatsenyuk said that If Russia wants Ukraine returned to her at least part of the debt in 3 billion dollars, it has until October 29 to accept the terms of Kiev to its restructuring and partial forgiveness. According to the Ukrainian Prime Minister, otherwise Moscow will have to go to court. For its part in the Russian Finance Ministry told that the Russian Federation will not take part in the meetings of private creditors of Ukraine on restructuring the debt of Kiev. The head of the Ministry of Finance Anton Siluanov said that the requirements of the Russian capital to Kiev are bound to have a privileged status in comparison with the requirements of the private creditors, because the debt in 3 billion dollars is a sovereign loan. Also, the Finance Minister said that the Russian Federation will take legal action to protect its interests as a creditor, If Ukraine will repay the debt in 3 billion dollars at the beginning of winter. Remember, at the end of summer Ukraine has agreed with creditors about write-off of 3, 6 billion dollars of bond debt totaling about $ 18 billion. While Kiev asked the Russian Federation "to accept the rules of writing off another creditors" to accept a 20 percent debt forgiveness. Russia repeatedly stating the position that to participate in this restructuring has no plans and will demand full repayment of Ukraine's Eurobonds in the beginning of winter this year.


sections: Politics