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28 of September, 20:02

Source: question of the Ukrainian debt can be dealt with in the Paris club
Russia in the event of non-payment of Ukraine's debt in Eurobonds, As the debtor may apply to the Paris club of creditors, where it is, but this step is unlikely to be able to ensure the return of all 3 billion dollars, told Last news the high-ranking source close to the negotiations on the Ukrainian debt with the international monetary Fund (IMF).

"Generally established practice, in such case, the creditor shall convene the Paris club of creditors. Russia is a member of the Paris club and can do (contact the club with the requirement to force Ukraine to return the money - ed.) but the alignment of forces there is now not in her favor, " says the source.



Russia joined the Paris club in the form of a creditor in 1995. In addition to her Paris club members are still 19 countries: Austria, Australia, Belgium, Britain, Germany, Denmark, Israel, Ireland, Spain, Italy, Canada, Netherlands, Norway, USA, Finland, France, Sweden, Switzerland, Japan.

The Association was created in 1956 when Argentina agreed to meet its creditors in Paris. The difference from the Paris club London club is that he is engaged in settlement of debt-loans to countries-creditors, and at the same time the London club is considering the settlement of debt owed to private creditor banks.

in the Paris club hold direct dialogues between the country of the debtor, which represent the head of the Ministry of Finance or the head of the Central Bank, and its creditors. Authorized the IMF, the international Bank for restoration and development of regional credit institutions development participate in negotiations in negotiations as observers.

While the IMF provided a very significant role - the Foundation prepares economic review, outlining the economic Outlook. From this report it becomes clear how the country is creditworthy and accepted the conclusion on the write-off of debt.

The maximum assignment of debt in recorded history of the club was 80%. The total amount of settled foreign debt of different member 513 billion dollars.

According to the source, on the one hand, there is a right of the creditor, and on the reverse there is a lack of the debtor to pay the debt. The Paris club often takes the matter into consideration, but always the output is restructured. For this reason, Russia will take advantage of the attraction of a resource of the Paris club in a pinch, he said.



according to the information of the Irish stock exchange, the Ukrainian government has proposed a restructuring of its bonds on 3 billion with maturity in 2015, holders of securities are brought to the meeting in London on 14 October.

As was stated by the head of the Ministry of Finance of the Russian Federation Anton Siluanov, Russia considers the Ukrainian proposal on the restructuring of Eurobonds for $ 3 billion to commercial creditors, to which the Russian Federation is not part of the problem, According to his statement, should be resolved bilaterally. This Siluanov confirmed that the Russian Federation is still waiting for full repayment of the debt by Ukraine by the end of 2015.

Russia is the second largest holder of Eurobonds, she bought them at the end of 2013, the time to buy them is December 2015.

The December payments on $ 3 billion in address of the Russian Federation - the largest for Ukraine In the current year. The overwhelming majority of experts considers that the Ukrainian government has no money for such a large benefits, for this reason, the default on this debt is very likely.

"I think that at the present time before the deadline of payment - December 20, somewhere in November, some steps will begin, because From this angle it is necessary to leave," says the source.

before experts Last news said that the number of options for a decision on debt of Ukraine the Russian Federation would be to transfer it to other interested creditors. For example, the club of private creditors of Ukraine, which have accumulated 8, 9 billion public debt.

sections: Politics

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