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Ukraine Finance Ministry to Join US Talks if Debt Restructuring Considered

Author: Ayre от 30.06.2015, 08:00
(голосов: 1)
Ukraine's Finance Minister Natalie Jaresko attends the Europa-Forum series of events organised by the Konrad-Adenauer-Stiftung foundation on April 1, 2015 in Berlin

KIEV (Sputnik) — On June 30, the group of Ukraine's creditors, including the IMF is to hold meeting in Washington.

"I hope that will be the day… in just two or four days, when they sit at the [negotiations] table. As soon as everyone is ready to… discuss [Ukraine's] debt restructuring, I am ready to join in a day."

The minister also added that Kiev will take advantage of the right to a moratorium on debt payments if no agreement is reached with the creditors. According to her, the suspension of debt payments equal technical default, but citizens should not "be afraid of the word" because it does not affect the banking system of Ukraine, and does not affect the Ukrainian national currency.


Jaresko added that the $3 billion debt which Kiev owes to Russia should also be restructured, which was essential for the "equal relationship."

On Friday, Jaresko said the creditor group had refused to contribute to Ukraine's recovery, warning that Kiev was ready to cut off debt payments if negotiations did not progress.

She added she was not going to join the Washington talks because they were "technical." In turn, the creditors urged Ukrainian Finance minister to join the talks.

The total public debt of Ukraine is some $70 billion dollars, $40 billion of which make up the foreign debt.

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