Kiev's decision on a moratorium on the payment of debts is, really, a Declaration of default and force majeure on debt, said Prime Minister of Russia Medvedev D. a..

"The Verkhovna Rada of Ukraine adopted the Law, which is, really, a Declaration of default at the same time with the Declaration of force majeure on debt obligations," Medvedev wrote on his page century

He also said that a significant part of the debt - " before the Russian commercial banks, where the main shareholder is the state."

"Even where it is not, it is eventually the largest, base of the Russian banks, which have placed their funds in debt instruments of the Ukrainian country. In any case, and the Russian state, and our commercial banks will be required to respond adequately and to apply all possible means of protection, including the judiciary, " wrote the Russian Prime Minister.

Ukraine's Parliament on Tuesday passed the government Law that allows you to suspend payments on restructured their external debt obligations. The document also provides that in the case of the introduction of the Cabinet of Ministers of the moratorium creditors will not be able to pay the judicial recovery of state property. The law still has to sign the head. It is planned that the Document will be valid until 1 July 2016.

As evidenced by the schedule of the act, in the list of obligations for which has the ability to be a moratorium on payments, and got the issue of Ukrainian Eurobonds for $ 3 billion, bought by Russia at the end of 2013. The Russian side has stated many times that this debt cannot be considered private and, therefore, He does not fall under the ongoing restructuring Ukraine.

The Cabinet of Ministers of Ukraine the law explained excessively high leverage, too much for being in a difficult situation in the economy of the state. According to the government, it is trying to stimulate foreign private creditors of Ukraine to share the burden and to connect to the support of the state.

Total debt of Ukraine is defined in $ 50 billion or suspected to 70% of GDP, and in 2015, predicted the Central Bank will reach 93% of GDP. One of the largest creditors of Kiev - Russia, and it has repeatedly stated about the fact that he didn't want to make concessions on repayment of loans. Russia expects Ukraine on 20 June of the next coupon payment on a two-year Eurobonds 2013 at 3 billion dollars. Meanwhile, Russia under the terms of the lending has every reason to demand early repayment of the debt, but as long as this does not.

sections: Politics