WSJ: the level of public debt of Ukraine allows the Russian Federation to demand the return of $3 billion

State debt exceeded 60% of GDP, which is penalised for a foul on loan at $ 3 billion, provided by Russia in 2013, writes.

yesterday the national Bank of Ukraine said that the national Debt has reached 1, 1 trillion UAH (about $41, 6 billion, representing 71, 5% of GDP.

so, underlines the wall Street Journal, Kiev for the first time officially announced that in fact has violated the rules of the loan provided by Russia. Under these conditions, Ukraine should not allow excess public debt above 60% of GDP.

"As a rule, the breach of one Eurobonds may cause cross-defaults on other bonds ", - reported in the publication.

first was that Ukraine has hired U.S. investment Bank Lazard to negotiate With creditors to restructure debt through Eurobonds, which is $20 billion From the success of these negotiations will be based, will be possible if Ukraine can obtain further loans and to Express support for its own budget highlights magazine.

yesterday the Minister of Finance of the Russian Federation Anatoly Siluanov that the Minister of Finance of Ukraine, speaking at the world economic forum in Davos, said that Ukraine wants to sign up to their creditors With proposals to restructure the debt." On the reverse side, it was said that the money to repay debts to Russia in the budget of Ukraine ", - noted the head of the RF Ministry of Finance.

The decision to invest in Eurobonds of Ukraine up to $15 billion Russia adopted in 2013. Was soon bought by the 1st tranche of $3 billion with a maturity of two years (the coupon rate of 5% per annum With the coupon once in six months). The remaining $12 billion were not allocated. Russia has motivated the refusal illegal change of power in Ukraine.


sections: Politics