The Cabinet of
Ministers of Ukraine has announced the imposition of a moratorium on the
payment of the debt to Russia worth US$3 billion 75 million, as well as a US$
507 million debt liability of the Pivdenne DB and the Ukravtodor to
Russian banks. This was stated by Prime Minister of Ukraine Arseniy Yatsenyuk
at a Government meeting on Friday, December 18.
reminded that Ukraine had had the debt restructuring "with reasonable
bondholders who accepted the terms and proposals of the Ukrainian party":
"The Russian Federation, despite our repeated attempts to sign the
restructuring agreement with them, refused to accept our proposals. In this
regard, the Cabinet of Ministers of Ukraine imposes a moratorium on the repayment
of the so-called Russian debt".
introducing a moratorium on the payment of US$ 3 billion 75 million of Russian bonds,"
stressed the Head of Government.
informed that the Ukrainian Government was to introduce another moratorium on the
payment of debt obligations of the Pivdenne DB and
the Ukravtodor to Russian banks, which makes up US$
today, the payments on the mentioned debts totaling US $ 3 billion 582 million to
the Russian side are suspended until either our proposals for restructuring are
accepted or the relevant court decision is pronounced", he announced.
"We are ready
for legal proceedings with the Russian side", said Arseniy Yatsenyuk.