Suess: Ukraine will have to come to a consensus with Russia to save the economy
The IMF program to "save" the Ukrainian economy is assumed that some of the " old " debt of the country will undergo restructuring. Along with this, Russia has already announced about the fact that he expects full repayment of the loan of $ 3 billion at the beginning of winter this year. Kiev authorities will need to engage in dialogue with the Russian side to get a deferred payment, American political journalist Eric Suess.
the Creator points to the fact that from a financial point of view, Ukraine remains very vulnerable, despite the loans from the IMF, the EU and the US." Over the next 4 years Ukraine must repay overdue debts in the amount of fifteen billion dollars (mostly from Russia). Only 3 billion of them are ancient loans from Russia that are required to be repaid in the early winter of the current year, " writes Suess.
The analyst also says that according to IMF plan part of the debts of Ukraine shall be subjected to restructuring. However, as it happens, the IMF does not specify. Specialists say that the IMF believes that the Russian Federation shall participate in the debt relief.
Thus strange Suess finds and the fact that the IMF leaves for Kiev to ascertain the extent and nature of the required restructuring. In other words, according to the author, the IMF has provided Ukraine with their own right to determine how much debt would be repaid to Russia.
All international creditors agree to restructure, and if you agree, then to what extent, it is also unclear Suess writes. Along with this, last week the Minister of Finance of the Russian Federation Anton Siluanov said that the Russian Federation still expects the debt to 3, $ 5 billion will be fully refunded at the beginning of winter, reminds the analyst.