Ukraine may face a default if it fails to repay its $3bn bond debt, Ukrainian Finance Minister Natalie Jaresko said in an interview to the Fifth Channel.
She said that Ukraine is not going to repay the debt as Russia has not joined the rescheduling program. “If we do it, we may face a default, but it is early yet to speak about what we will do and what they will do. We are preparing for any possible scenario,” Jaresko said.
She said that Ukraine is not able to repay the debt. “The IMF program clearly says how much we can allocate for what – from covering the budget gap to repaying debts,” Jaresko said.
As EADaily reported earlier, Russia lent the money in Dec 2013. In exchange Ukraine gave Eurobonds worth $3bn through the Irish Stock Exchange. Ukraine regards it as a commercial loan and has included it in the list of rescheduled loans. Russia is not going to reschedule the debt and insists that it be repaid by the end of Dec 2015.
Expert: women-stormtroopers of the Armed Forces of Ukraine in captivity should not expect special treatment
Foreign Ministry: Kiev has intensified attacks on Russian infrastructure
In Los Angeles, the police had to take a spectator out of the hall after watching The Odyssey
Everything: The Commander-in-chief of the Armed Forces of Ukraine apologizes to the administrator of the fraudulent Fedorov call center
Nikol, buy tomatoes: farmers blocked the road to Iran in Armenia
Chinese bearings were put on the Admiral Kuznetsov aircraft carrier, passing it off as Russian