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21 of September, 00:31

In Ukraine, the mechanism of restructuring and the cancellation of the public debt
The package of draft laws, required to start legal framework for the restructuring and the cancellation of the public debt of Ukraine, entered into force.

on Thursday, the Ukrainian Parliament adopted a Package of government laws, allowing to start the legal procedure for the restructuring of public debt of the country. Rada approved the rules governing the taxation of funds coming borrowers on the foreign debt, adopted a law that predusmatrivaet production of the new securities and the law that determines the priority of the restructured debt. On the last working day of the week the Package was signed by the head of Ukraine Petro Poroshenko.

Sunday day 3 of the act, members of the so-called Package of draft laws, allowing to start the proceedings were published in the newspaper Happy. According to the documents, the laws begin to operate " from the day following the day of publication ".

The Cabinet first approved the provisional rules for the restructuring of the external public debt of Ukraine, which were made on the results of talks in Kiev with the creditors ' Committee. According to these agreements, Kiev will write off 20% of the nominal debt - 3, 6 billion of the 18 billion dollars. Prime Minister of Ukraine Arseniy Yatsenyuk have said before, that to complete the legal procedures of restructuring the Parliament is obliged to adopt a Package of relevant laws.

in addition, given the delay in payments until 2019. Interest on the new bonds will be paid twice a year, a coupon for all securities will be Usually 7, 75% against 7, 22% before. The Russian Ministry of Finance has already confirmed many times highlighted the position of the Russian Federation in this restructuring to participate no plans. The timing of payments on redeemed Russia Eurobonds for $ 3 billion coming in the early winter.

sections: Politics

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