Source Pravda.Ru

Russia to declare Kiev's default over non-payment of $3 billion

Russia may declare Kiev's default, unless he Ukrainian government makes the $3 billion bond payment, Ukrainian Finance Minister Natalia Yaresko stated.

"If we do not make the payments - yes. But I think that it is too early to think about what we are going to do and what they are going to do. It would be speculation on both our and their side. We are all getting ready for any kind of possibilities," the official told the Ukrainian "Channel 5".

According to Yaresko, Kiev can not make the payment to Russia. "No, we can not make the payment. Under the IMF program, we have clear parameters of how much we can assign for anything: from budget deficit to debt repayment," she added.

The Ukrainian minister said that she was ready to meet with her Russian counterpart to discuss the issue of debt restructuring. "I am ready to meet again with the Minister of Finance of Russia. I was told that they would like to invite us to another such meeting after the G20 meeting in Turkey, and I'm ready for such an open dialogue," said Yaresko.

Yaresko added that the IMF was not ready to help Kiev pay the Russian debt. She set out a hope that the financial obligations to the Russian Federation would not affect the program of cooperation with the IMF.

Ukraine's Finance Minister Natalia Yaresko believes that Western assistance to Ukraine is insufficient. In an interview with the Financial Times, she said that $40 billion of Western financial assistance was not enough to maintain stability of the Ukrainian economy. Ukraine needs twice as much money, the official added.

Pravda.Ru

Read article on the Russian version of Pravda.Ru

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
Comments
Capitalism reduced Indonesian cities to infested carcases
North Korea is not a threat to the US
USA to ruin Russian-Japanese relationship with the help of Aegis Ashore system
USA to ruin Russian-Japanese relationship with the help of Aegis Ashore system
USA to ruin Russian-Japanese relationship with the help of Aegis Ashore system
Russia to rebuild its former Soviet naval base in Syria's Tartus
Russia to rebuild its former Soviet naval base in Syria's Tartus
North Korea is not a threat to the US
North Korea is not a threat to the US
North Korea is not a threat to the US
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Donbass without militia will be worse than Srebrenica - Putin
Putin: Russian servicemen return home from Syria as victors
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine