The confrontation between Ukraine and international creditors, which lasted several months, has reached a crucial stage ? in the near future Kiev will be forced to accept the conclusion on the payment of the next part of public debt or the Declaration of default, writes The financial times.
The trigger may be another payment in the amount of 120 million dollars, which the Ukrainian authorities, until now unsuccessfully trying to come to a consensus with creditors to restructure its debt, must pay on the last working day of the week, reminiscent of the magazine." If an agreement with creditors will Not be achieved, the economic situation will worsen and the Western plan of salvation doesn't work ", ? FT leads the opinion of the chief economist of Ukrainian Bank of America Merrill Lynch Vadim Khramov, reports RIA " Novosti ".
The Minister of Finance of Ukraine Natalia Jaresko was originally expressed confidence that Kiev will be able to find a common language with creditors. However, months of negotiations turned into a fierce verbal sparring Between the Ukrainian authorities and the Commission, representing the 4 largest private lenders. In the negotiations Between the Ukrainian authorities and lenders over the past week there has Not been any particular contract ? noted that progress has, However, were Not announced any details and further dialogues have been postponed indefinitely, stresses the magazine. If the creditors continue to insist on an agreement that does Not involve writing off, said an analyst from Goldman Sachs Andrew Matheny, Ukrainian authorities will go on a moratorium on the payment of the public debt. Perhaps after all it might happen on the last working day of the week. However, such a step would undermine the credibility of Ukraine from investors and impede market access in the future, it is reported in the publication. International monetary Fund (IMF) until now did Not exclude the disbursement of the next tranche to Ukraine in the amount of 1, 7 billion. The decision has to be taken at a meeting of the Board of Directors of the IMF on July 31. FT noted that If Kiev fails to pay 120 million dollars on the last working day of the week, it may be difcult dialogues about giving him the money from the IMF. However, As informs Bloomberg referring to the sources, Ukraine has made regular payments on the Eurobonds in the amount of 120 million dollars. Last week, the press service of the Ministry of Finance of Ukraine reported that the Ukrainian authorities and the special Committee of creditors at a meeting in the U.S. capital on Wednesday, "made progress" on the issue of restructuring the external debt of the country. As was stated by the Minister of economic development Alexei Ulyukayev, Russia expects that Ukraine will try to fulfill their obligations to sovereign creditors. Recall, June 6, Kiev acknowledged the debt to Russia in $ 3 billion on a par with any other Eurobonds. About this said the Minister of Finance of Ukraine Natalie Jaresko.

sections: Politics