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.
Russian satellites approached the devices used to help the Armed Forces of Ukraine — video
Now Yalta: after the APU attack, light and water disappeared in the city, a residential building was damaged
FSB DSP: a Ukrainian agent with a bomb was detained at the entrance to the subway in St. Petersburg
Emigrant reindeer, Callas and naive Carlson, poor Armenians: morning coffee with EADaily
Do I understand correctly?.. Zakharova appreciated Zelensky's dismissal of Syrsky and Fedorov
The retired major of the US Armed Forces called for the destruction of the port of Odessa and hitting the dams