The decision of the Verkhovna Rada of Ukraine regarding the prohibition on the payment of external debts is, really, a Declaration of default at the same time with the Declaration of force majeure on debt, said the Prime Minister Medvedev D. a..
"The Verkhovna Rada of Ukraine adopted the law, which is, really, a Declaration of default at the same time with the Declaration of force majeure on debt obligations," Medvedev wrote in a private Facebook.
"We care about not only the fate of the sovereign debt of Ukraine, but also the fate of commercial debt, and it is about 25 billion dollars. A significant portion of this debt before the Russian commercial banks, where the main shareholder is the state. Even where it is not, it is eventually the largest, base of the Russian banks, which have placed their funds in debt instruments of the Ukrainian country. In any case, and the Russian state, and our commercial banks will be required to respond adequately and to apply all possible means of protection, including the judiciary, " he said. First source said that the lawsuit filed by Russia regarding the non-payment of Ukraine's debt in 3 billion dollars, in the event of such a situation may last for several years. According to him, the next tranche of financial aid from the international monetary Fund (IMF) For Ukraine is impossible without agreements with holders of its bonds. For its part, a source in the EU institutions was informed that a technical default of Ukraine will undermine the country's ability to attract private investment programme of the European Union, as well as among them in the line of the European Bank for restoration and development and the European investment Bank. The Russian President Vladimir Putin called strange Kiev's Decision on the moratorium on the repayment of external debt, according to his vision, the Declaration on the fact of default suggests a low level of professionalism. According to Putin, Russian banks have loan portfolios to Ukraine in the amount of 24-25 billion. The Minister of Finance 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 external debt of Ukraine. On Tuesday the Verkhovna Rada of Ukraine adopted a law that will give the ability to suspend payments on restructured debt.

sections: Politics