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17 of September, 16:33

The Ministry of Finance of Ukraine has promised to start the procedure of exchange of Eurobonds in a few days
The Ministry of Finance of Ukraine hopes in a few days to proceed with the legal procedure of exchange of Eurobonds in the framework of debt restructuring.
"following the adoption of a package of laws in the Verkhovna Rada after a few days the Ministry of Finance plans to start legal proceedings to exchange Eurobonds ", - is informed in the report of the Ministry of Finance of Ukraine.



before Thursday, the Ukrainian constitutional majority of deputies supported the package prepared by the government of draft laws on the restructuring of public debt. 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. 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.

sections: Politics

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