Tuesday, May 19, 2015

Verkhovna Rada introduced a bill on a moratorium on the payment of foreign debts – Kommersant

Ukraine’s parliament adopted a law allowing to suspend payments on restructured foreign debt, reports “RIA Novosti”. For a decision voted 256 MPs at the minimum required 226 votes. It is noted that the Parliament also decided that the document will be valid until 1 July 2016.

According to the annex to the draft law, the list of such commitments and the issue of Eurobonds hit Ukraine for $ 3 billion redeemed by Russia at the end of 2013. In addition, in the case of the introduction of the moratorium Cabinet creditors will not be able to pay the court sanction of state assets.

On Tuesday it became known that the Ukrainian government has submitted to the Verkhovna Rada a bill on a moratorium on the payment of external debts. This was reported on the official website of the Cabinet of Ministers of Ukraine. The bill states that only payments on foreign currency debt obligations over the next four years are about $ 30 billion. “The government has the right to direct funds that taxpayers pay in Ukraine, to the needs of its citizens and not to return loans that took kleptocratic regime Yanukovych “, – underlined in the message on the website.

Earlier it was reported that the recession of economy of Ukraine may be more profound than that laid down in the program of assistance from external creditors, it should be updated from the forecast of the World Bank. The fall in GDP in 2015 will amount to 7.5%, inflation may accelerate to almost 40%, is expected in the WB.

Details of the economic forecasts in respect of Ukraine, read the material “b”, “Ukrainian inflation gas dispersed».

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