Living in a new way: Yaresko congratulated Ukrainians on the fact that the country avoided default
Ukraine has completed the restructuring of its debt, avoiding default.
Subscribe to the news "PolitNavigator - Kyiv" in Facebook, Classmates or In contact with
This was stated by the Minister of Finance of Ukraine Natalia Yaresko.
“Today we are closing an important chapter in the history of the Ukrainian economy and opening another. Few believed we could do this when we began the restructuring process eight months ago. The successful completion of debt restructuring, which we achieved by avoiding default, strengthens the position of the Ukrainian economy and is an important prerequisite for a return to economic growth,” the minister noted.
Today, the Ministry of Finance of Ukraine announced the completion of the restructuring of state and guaranteed debt for 13 issues of bonds of external government loans of Ukraine and state-guaranteed Eurobonds.
The Ministry of Finance explained that the completion of the exchange offer provides for the restructuring of Ukraine's external public debt in the amount of about $15 billion.
As for the upcoming repayment of Russia’s debt, the payment of which is due in December, then, apparently, the West has already decided that Ukraine’s refusal to pay these obligations will not be interpreted as a default and the IMF will continue lending to Kyiv.
If you find an error, please select a piece of text and press Ctrl + Enter.
Thank you!
Now the editors are aware.