The Cabinet of
Ministers of Ukraine has announced the imposition of a moratorium on the
payment of the debt to Russia worth US$3 billion 75
million, as well as a US$ 507 million
debt liability of the Pivdenne DB and theUkravtodor to Russian
banks. This was stated by Prime Minister of Ukraine Arseniy Yatsenyuk at a
Government meeting on Friday, December 18.
Arseniy
Yatsenyuk reminded that Ukraine had had the debt restructuring "with
reasonable bondholders who accepted the terms and proposals of the Ukrainian
party": "The Russian Federation, despite our repeated attempts to
sign the restructuring agreement with them, refused to accept our proposals. In
this regard, the Cabinet of Ministers of Ukraine imposes a moratorium on the
repayment of the so-called Russian debt".
"We are
introducing a moratorium on the payment of US$ 3 billion 75
million of Russian bonds," stressed the Head of Government.
Arseniy
Yatsenyuk informed that the Ukrainian Government was to introduce another
moratorium on the payment of debt obligations of the Pivdenne DB and
the Ukravtodor to Russian banks, which makes up US$ 507 million.
"As of
today, the payments on the mentioned debts totaling US $ 3 billion 582 million
to the Russian side are suspended until either our proposals for restructuring
are accepted or the relevant court decision is pronounced", he announced.
"We are
ready for legal proceedings with the Russian side", said Arseniy
Yatsenyuk.
No comments:
Post a Comment