The Russian side may declare a default of Ukraine, If Kiev makes payment on the bonds for 3 billion dollars, said the head of the Ministry of Finance of Ukraine Natalia Jaresko.
"If We don't make the payment - Yes. But I think now is too early to think about what We will do, what they are. It would be speculation to ours and from their party. We are preparing for all possibilities, " Jaresko said on the air, answering a question about Russia's ability to declare a default of Ukraine in case of nonpayment of debt.
in her expressions, and at the moment Ukraine can not make a payment because it has clearly defined the characteristics of possible payments on the IMF programme. The head of the Ukrainian Finance Ministry also stressed that they are ready to meet with his Russian counterpart to discuss the issue of restructuring.
"I'm ready again to meet with the Minister of Finance, I said that they would like us to invite another such meeting after the meeting "big twenty" in Antalya, and I'm ready to an open dialogue, " said Jaresko.
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.
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. Currently, the rules of the Fund defaulted on sovereign debt to stop the assistance program upon written request of the lender.
Ukraine in fact is attempting 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.