українська російська англійська
Arseniy Yatsenyuk: We have acquitted all current debts and debarred the country's default
07.09.2015 | 17:37
INFORMATION AND COMMUNICATION DEPARTMENT OF THE SECRETARIAT OF THE CMU

"Let Russia determine the fate of the loan, which they gave Mr. Yanukovych for his failure to sign the political Association Agreement with the European Union", said the Prime Minister of Ukraine Arseniy Yatsenyuk at the meeting of the Financial Stability Board on Monday, September 7.

He reminded that approximately US $ 4 billion in debt had been forgiven for Ukraine, "and that's without taking into account the interest we had to pay", and paying off the previous loans had been postponed for 4 years.

The Prime Minister also noted that the Russian Federation had not participated in a meeting of the Ad-Hoc Creditors' Committee: "Russia is to decide what should happened to their debt. We have agreed that the debt should be restructured. We offered terms. Other conditions, and even better conditions, won’t be offered regarding Russian debt".

"So, let Russia determine the fate of the loan, which they gave Mr. Yanukovych for his failure to sign the political Association Agreement with the European Union," Arseniy Yatsenyuk stressed.

"During recent one-and-half years there was little hope that the financial and economic system of the state would survive. But we have acquitted all current debts – it concerned both the domestic and foreign debts. And we have debarred the country’s default,” Prime Minister of Ukraine highlighted.

The Head of Government views preserving of moderate inflation among the key tasks for Ukraine: "There is a lot for us to do to introduce real inflation targeting".

Other objectives include "an exchange rate stability, stability in the finance and banking sectors".

"The world is rapidly changing, so a lot depends on how global economies will be affected. The challenges that now occurred in China, India, Kazakhstan, Russia, Belarus and other countries, directly affect Ukraine, as Ukraine is part of the global economy. That is why we have gathered here today to assess all possible risks which might occur and find response to these risks to be ready to address", said Arseniy Yatsenyuk.

 

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