Ukraine is warned of a possible default in July - ForumDaily
The article has been automatically translated into English by Google Translate from Russian and has not been edited.
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Bu məqalə Google Translate servisi vasitəsi ilə avtomatik olaraq rus dilindən azərbaycan dilinə tərcümə olunmuşdur. Bundan sonra mətn redaktə edilməmişdir.

Ukraine warned of a possible default in July

 

Ukraine will face a liquidity crisis in July and will not be able to pay for government bond coupons, analysts at Goldman Sachs predict.

Agree with private creditors on debt restructuring, they note, in the near future, the Ukrainian authorities are unlikely to succeed.

Ukraine’s proposal to restructure debt to private creditors involves writing off 40 percent of the nominal value of sovereign bonds, reminds Bloomberg.

Private lenders who are holders of government bonds totaling 9 billions of dollars have not yet agreed to the restructuring option proposed by Ukraine.

The next stage of negotiations between the authorities of Ukraine and representatives of creditors will be held from June 29 to July 3 in Washington with the participation of the International Monetary Fund.

In the spring of 2015, the Verkhovna Rada gave the government of Ukraine the right to impose a moratorium on payments to private creditors. The state debt, as emphasized, does not apply to the moratorium.
The Ukrainian authorities said that the three billion dollars debt owed to Russia in Eurobonds acquired by the Russian Federation at the end of 2013 should also be considered as a private one. However, the IMF classified this debt as a government debt.
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