Ukrainian deputies voted for the adoption of a law providing for the issue of a new type of securities ? state derivative.
"The draft law envisages the introduction of the new securities ? state derivative that is placed by the state on international stock markets and reaffirms the commitments of Ukraine to make payments to the owner of the securities in the case of achieving certain indicators of the gross domestic product of Ukraine ", ? is written in the explanatory paper to the document, RIA " Novosti ".
it is planned that the public issuance of derivatives will form part of the budget process and is not subject to regulation by the National Commission on securities and stock market. Appropriate decisions about the placement of the state derivatives and their placement will be taken in Accordance with the Budget code of Ukraine and other legislative acts. Similarly, on Thursday, the Verkhovna Rada adopted amendments to the Tax rule, rules governing the taxation of funds coming borrowers government guaranteed external debts, and Also approved a law that defines the priority of the restructured debt. All these packages governmental laws will allow the restructuring of the state dog of the country and its partial write-off. In the late summer of Ukraine agreed with creditors to write off 3, $ 6 billion bond debt totaling approximately $ 18 billion. Against this background, the international rating Agency Fitch downgraded the long-term chart Issuer default ratings of Ukraine to the level of " default inevitable." While Kiev has asked the Russian Federation " to accept the rules of writing off other creditors ". Also, the Ukrainian side said that the Russian Federation in case of disagreement with the terms of the debt restructuring of Ukraine may enter into individual dialogues. However, the Minister of Finance Anton Siluanov said that Moscow will not do it. On Thursday, the Minister of Finance of Ukraine Natalie Jaresko has not excluded that in case of deterioration Kiev may require another restructuring of the public debt.

sections: Politics