Kiev continued dialogue with creditors on debt restructuring
The Ukrainian delegation and the special Committee of creditors held a detailed discussion in San Francisco on restructuring debts of Kiev, the dialogue continues, it is reported in the General statement of Kiev and the division of creditors. "The Ukrainian delegation and the special Committee of creditors held detailed discussions in San Francisco. The dialogues continue, ? reported in the report, published on the Internet office of the Ukrainian Ministry of Finance. On August 5, the Ministry of Finance of Ukraine said that the country's authorities in the event of failure of the negotiations considering the use of alternative payment mechanisms in the framework of its cooperation programme with the main creditor of the country ? international monetary Fund. On the same day stated that the creditors ' Committee of Ukraine, with Kiev which conducts dialogues on the restructuring of public debt, considered invalid, a new proposal of the Ukrainian authorities. On 31 July, the media reported that international creditors agreed to write off a small part of the Ukrainian debt after Kiev ceased to ask for the cancellation of the larger lobe. July 30, Deputy Minister of Finance of Ukraine on issues of European integration Artem Shevelev said that the possible decision of the Cabinet of Ministers of Ukraine on the moratorium on payments on commercial debt will be tied to the date of repayment of five hundred million dollars by the body's debt in Eurobonds by the end of September 2015. For its part the international rating Agency Moody " s Investors Service also believes that the real risk of default threatens Ukraine at the end of September this year. On 25 June, the Minister of Finance of Ukraine Natalie Jaresko admitted that at the end of July, according to calculations can wait for a technical default. But then during the trip to Lviv, she said that the media misinterpreted her message. June 6, Kiev acknowledged the debt to Russia in $ 3 billion on a par with any other Eurobonds. On may 28, the head of Ukraine Petro Poroshenko has signed a law allowing the government to impose a ban on payments by a low external debt obligations. On may 19, the Verkhovna Rada of Ukraine adopted the law that will give the ability to suspend payments on restructured debt.