The signing by the President of Ukraine Petro Poroshenko law on the moratorium on debt payments means a technical default of the country, said the speaker of the National Council of the self-proclaimed Donetsk national Republic Andrey Purgin.

the head of Ukraine on Thursday signed a law that gives the government the right to impose a moratorium on payments on a small 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.

"It's kind of a technical default ", - quotes Purgina on the last working day of the week.

according to him, Kiev will not be directly to declare its insolvency, although in fact they have currently a disorderly default state of large corporations.

before experts have called the law on the moratorium on the payment of debts "ultimatum creditors" and " the last step before default." Prime Minister of Ukraine Arseniy Yatsenyuk tried to convince private creditors to meet Kiev and restructure debt on the government's proposed conditions of Ukraine.

Ukraine is now in a serious political crisis, which affects its economy and the public sector. Yatsenyuk said that in 2015, the country faces the challenge to survive, it will be difficult to absolutely all social strata. The authorities want to improve the situation of foreign borrowing.

sections: Politics