Ukraine no longer counts on Russian $12 billion
Kiev, February 17 (Navigator, Denis Andreev) – The Ministry of Finance of Ukraine has approved a public debt management program for 2014, which does not take into account loans from the Russian Federation, while the government previously announced plans to receive $12 billion this year, writes the newspaper “Capital” .
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According to the document, in 2014 Ukraine intends to attract $19,2 billion, of which only $6,1 billion in foreign markets. The main tool for raising funds should be domestic government bonds, which the Ministry of Finance sells to local banks.
If the allocation of Russian loans resumes, the Cabinet of Ministers of Ukraine will be able to exceed the plan for external borrowing for the current year.
Earlier, Russian President Vladimir Putin and Prime Minister Dmitry Medvedev agreed among themselves that the provision of credit assistance to Ukraine would be suspended until the country decided on a new prime minister. Currently, after the dismissal of Mykola Azarov, the Ukrainian government is led by his first deputy, Sergei Arbuzov.
First Deputy Prime Minister of Russia Igor Shuvalov, in turn, said that if the new government of Ukraine adheres to other priorities than Azarov’s Cabinet, this will likely be a reason to revise existing agreements.
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