At the request of the Minister of Finance of Ukraine,
a call with the ad hoc Committee representing Ukraine’s international
commercial creditors was held on Friday, June 5. The Ministry regrets that the
Committee’s offer to Ukraine remains unchanged.
The Committee’s proposal to offload their sovereign
claims into the books of the National Bank of Ukraine is unacceptable as it
assumes using the National Bank of Ukraine’s reserves, in clear violation of
Ukrainian law, and more generally in clear contradiction with Central Banks
best practices.
The Ministry reiterates the need for the creditors to
enter a dialogue regarding appropriate burden sharing by creditors consistent
with the EFF programme.
The Minister expressed a willingness to meet directly
with the creditors and encourages the Committee to remove artificial and
counterproductive barriers to more constructive dialogue.
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