: :inin Kyiv (EET)

Unilateral declaration of default will cause legal action against Ukraine

Economic Research Consultant of the Razumkov Centre Volodymyr Sidenko commented to the newspaper Silski Visti on the course of the negotiations between the government and the creditors on restructuring Ukraine’s external debt.
The creditors seem to be willing to change the payment period and reduce the interest rate but not to write off part of the debt for Ukrainian bonds. The problem is that their main holder, to whom nearly half of the debt falls, has taken a stubborn stance not to lose the reputation of a smart player on the financial market who can acquire debt liabilities in time to …read more

Source: Razumkov Centre

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