International monetary Fund (IMF) can apply fresh rules that allow the continued payment of the borrower With its sovereign debt default and will only be discussed at the Board of Directors in November, before the concluded credit contracts in the 1st place, to the Treaty with Ukraine, said Last news source familiar with the progress of the reform of the Fund. "have the opportunity to apply subrogation right," he said in answer to the Question of whether covered by the reforms undertaken by the IMF, before the concluded contracts on financial assistance. In this case, the source confirmed that a similar procedure is not common practice for lending institutions. But the IMF is trying to work in advance. Official authorized IMF left the Question Last news without reaction. currently, the policy prohibits the IMF to provide monetary assistance to countries which have experience of overdue payments to sovereign creditors. Ukraine has the risk to prevent a default on Treasury bonds by Russia at $ 3 billion, the deadline for repayment of which occurs in early winter. Bloomberg on Tuesday, citing a source informed that the Russian Federation is currently looking for options to block the next tranche of the IMF, if the default will be allowed. However, officials of the Russian Federation spoke about this possibility. So, the Minister of Finance Anton Siluanov didn't exclude that the Russian Federation may exercise its right to a sovereign borrower, and to require the Foundation to recognize the program of payment of Ukraine is untenable. experts had previously expressed doubts that the Fund will go to the aggravation of relations with the Paris club creditors will resort to such an unpopular measure, as the right of subrogation (the review of the contracts, already convicted under the current rules of the Fund). explaining the reform of the IMF in terms of tolerance to continue payment of the borrower If default on sovereign debt is small, the press-Secretary of the Fund Jerry rice had previously maintained, but this is only one of the points of the program from 2014 and does not concern any specific country. A revision of the policy of the Fund has the ability to be considered in the near future, said rice, for example, on the Board of Directors in November. The four-year Program of financial assistance to Ukraine was approved by the IMF Board of Directors on eleven March 2015. The program provides for the allocation of Fund 17, 5 billion dollars, and all international creditors in four years - 40 billion us dollars. Ukraine this year has already received 6, 7 billion dollars in aid and allocated a further 2 trenches 1, 7 billion. The Ukrainian government treats the debt to Russia in $ 3 billion as commercial, because it was formed as a result of redemption of bonds to the Irish stock exchange. However according to the rules of the IMF, the tool in this case is irrelevant. The status of the debt qualifies for the purchaser. Anyway, Ukraine is in fact trying to equate the Russian debt to other commercial debts, which were purchased on the market at a discount up to 40%. The offer from Ukraine, which Russia refuses to discuss it, involves a credit for 20% less, and some years after payment of the IMF. At the same time, Russia bought Ukrainian bonds at full Price, low, market, using its reserves of national welfare Fund.