Ukrainian Prime Minister Arseniy Yatsenyuk said that Kiev could not afford to service the debts that the country has accumulated over the past 3 years.

Ukraine cannot afford to pay for servicing the debt accumulated for three several years, said on Thursday the Prime Minister Arseniy Yatsenyuk. According to his statement, during this period Ukraine borrowed $ 40 billion." The total amount of funds needed to service the external debt of Ukraine, equal in fact to our military spending, 5% of GDP we spend on homeland security and defense, and 5% we have to spend on servicing internal and external debt of Ukraine ", - transfers words of Yatsenyuk, RIA " Novosti ". At the meeting with the authorized business circles of Ukraine, the head of the government said that At this time, the Total state dog is about 70 billion dollars, 40 billion is foreign debt. The Ukrainian government intended to restructure a portion of the loan at 22-23 billion, including money from private lenders. Here Yatsenyuk and classifies the debt before the Russian Federation Eurobonds for $ 3 billion. Due to restructuring Kiev had hoped for over 4 years to reduce costs fifteen, $ 3 billion, but lenders led by Fund Franklin Templeton didn't want to accept its rules. The discontent of the lenders caused the paragraph about the fact that Ukraine demanded not only to reduce interest payments, but also to write her part of the credit. As reported by the print edition OPINION, on Thursday the President of Ukraine Petro Poroshenko was presented with a draft law on ratification of the Memorandum, according to which the EU will give Kiev more 1, 8 billion euros in credit. First, the Agency Bloomberg referring to the Deputy Director of the IMF David Lipton reported about the fact that financial support for the economy of Ukraine will be continued even in case of failure of negotiations of the Ukrainian government with private creditors.

sections: Politics