Private lenders Ukraine United for negotiations with Kiev

Fund Franklin Resources, as a holder of securities of Ukraine on 7 billion dollars, has teamed up with a number of other creditors and hired counselors tuning in difficult conversations with Kiev on the restructuring of the bonds.
Formed by a Group of creditors is the willingness of holders of about 50% Ukrainian Eurobonds, thereby it is from her position will be according to the outcome of the negotiations. Consultant creditors will perform, for example, a consulting unit of the Fund Blackstone, according to news Agency " referring to The financial times. According to the source, the holders of the securities do not wish to agree to cancel the principal amount of the debt and believe that the claimed reduction of payments, which shall be presumably fifteen billion dollars in the next few years, is too large. A group of lenders Also began to consider scenarios in case of refusal of Russia, which has Eurobonds for $ 3 billion, from participation in the proposed restructuring of the securities, the total amount of which is more than 17 billion dollars. The Minister of Finance of the Russian Federation Anton Siluanov on March 13, said that the Russian Federation will participate in the funding of the first tranche of the IMF programme for Ukraine in volume 13, 751 million dollars. The Minister of Finance of Ukraine Natalie Jaresko said that the Russian Federation does not need to rely on a special relationship With the restructuring of the Ukrainian debt, at the same time Moscow, According to the head of the Ukrainian office should be prepared to bear, along with other holders of bonds, the losses associated with this process. Similarly on Friday, the Ministry of Finance of Ukraine assured the receipt of the first tranche of $ 5 billion under the new credit program international monetary Fund. Just this year Ukraine will be allocated 10 billion dollars. For reviews of the Western media, Kiev unable to cope with the economic situation, is a full-fledged financial crisis and one hundred percent devaluation of the hryvnia, and foreign exchange savings of the country declare default.


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sections: Politics