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30 of October, 13:34

The Ukrainian authorities are going to declare a moratorium on debt repayment Russia
The Ukrainian government plans to adopt an opinion on a moratorium on the payment of Russia's debt to $ 3 billion, said a source in the Cabinet of Ministers of Ukraine.
"Yesterday was the deadline for reaching agreement with Russia on debt restructuring. Agreement was not reached. The previous payment was made in June, the next was scheduled for December. Now the Cabinet will accept the conclusion of a moratorium, "- said the source " the Apostrophe ".
on Thursday, the Ukrainian Finance Ministry said that the completion of the restructuring of external debt of Ukraine, including the issue of new bonds is expected on November 12. On October 26 the Prime Minister of Ukraine Arseniy Yatsenyuk said that if Russia wants Ukraine returned to her at least part of the debt in 3 billion dollars, it has until October 29 to accept the terms of Kiev to its restructuring and partial retirement. According to the Ukrainian Prime Minister, otherwise Moscow will have to go to court. For its part in the Russian Finance Ministry told that the Russian Federation will not take part in the meetings of private creditors of Ukraine on restructuring the debt of Kiev. On the last working day of the week the head of the Ministry of Finance Anton Siluanov said that the requirements of the Russian capital to Kiev are bound to have a privileged status in comparison with the requirements of the private creditors, because the debt in 3 billion dollars is a sovereign loan. Also, the Finance Minister said that the Russian Federation will take legal action to protect its interests as a creditor, if Ukraine will repay the debt in 3 billion dollars at the beginning of winter. On Thursday, the media announced that North America together with other Western countries assume in November to change its policy of lending to the international monetary Fund to allow the IMF to continue financing of Ukraine in case of Russian default on the loan. Remember, at the end of summer Ukraine has agreed with creditors about write-off of 3, 6 billion dollars of bond debt totaling about $ 18 billion. While Kiev asked the Russian Federation "to accept the rules of writing off another creditors" to accept a 20 percent debt forgiveness. Russia repeatedly stating the position that to participate in this restructuring has no plans and will demand full repayment of Ukraine's Eurobonds in the beginning of winter this year.

sections: Politics

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