Poroshenko has signed the law on the indefinite extension of the moratorium on the payment of the «debt of Yanukovych»

The President of Ukraine Petro Poroshenko has signed the Verkhovna Rada adopted the law «On peculiarities of transactions with government, government guaranteed debt and local debt», which allows to extend indefinitely the moratorium on the implementation of payment of a debt of Ukraine to the Russian Federation in the amount of $ 3 billion., taken in 2013 by the government of former President Viktor Yanukovych.

As noted on the website of the Verkhovna Rada, the law is returned to Parliament with the signature of the President.

Recall that in 2015 Ukraine included Russian loan in the perimeter of the restructuring of the national debt, which he successfully completed in November 2015. Russian government loan was issued to Kiev in late 2013. As argued by the then commentators, in exchange for refusal of the regime of Yanukovych from European integration.

Credit commitments for a period up to 20 December 2014 was signed who was then the Prime Minister Mykola Azarov, now hiding from the Ukrainian justice.

After the victory of the revolution of Dignity, the new democratically elected Ukrainian government has repeatedly stated that it will not pay the debt, if Russia does not agree to its restructuring. The IMF has urged Ukraine and Russia to sit down at the negotiating table on debt restructuring

However, the Ministry of Finance has repeatedly stated that Ukraine had not received any formal proposal from Russia to delay the payment of the debt.

On 16 December last year, the Board of Directors of the IMF have recognized the official status of the Russian loan Ukraine $ 3 billion.

In response, Ukraine in accordance with applicable law and previously assumed commitments with respect to debt transactions, announced a moratorium on the payment of any debts to the Russian Federation.




Poroshenko has signed the law on the indefinite extension of the moratorium on the payment of the «debt of Yanukovych» 04.05.2016

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Май 4th, 2016 by
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