However, according to the President, our country does not do so, so as not to aggravate the economic crisis in the neighboring country. This was stated today Vladimir Putin at a meeting with members of the Cabinet. In the center of attention – the law adopted in Kiev on a moratorium on foreign debt payments. In fact, it is the announcement of the impending bankruptcy. If Kiev refuses its obligations – Moscow is ready to appeal to the international court.
However, according to the President, our country does not do so, so as not to aggravate the economic crisis in the neighboring country. This was stated today Vladimir Putin at a meeting with members of the Cabinet. In the center of attention – the law adopted in Kiev on a moratorium on foreign debt payments. In fact, it is the announcement of the impending bankruptcy. If Kiev refuses its obligations – Moscow is ready to appeal to the international court.
The decision in the Verkhovna Rada decision on the possible refusal of the payment of debts has caused confusion among the Russian President and the members of the cabinet. On the eve of Ukrainian MPs actually untied the hands of their own government and law are not allowed to pay on loans.
“The strange for a statement because there is no more middle of the year, but to declare the fact of the impending default – this level of responsibility, professionalism, of course, is low, despite the fact that the country is put under external management” – noted the President.
“We will need to analyze the impact is now such a decision of the Verkhovna Rada, the implications of the law, and if we see a violation of the commitments that Ukraine took by investing our resources in bonds Ukrainian Government , we asked for a judicial mechanism to protect our interests “, – said Russian Finance Minister Anton Siluanov.
The default – it is in fact refusing to pay its debts. For Russia, this means the potential loss of $ 3 billion. Money issued by Ukraine in December 2013. Moreover, a favorable interest rate.
“We have the right for a long time to show these funds for early redemption. Bearing in mind that under the terms of our agreement, and it was made by European law, if the total public debt of Ukraine more than 60% we have such a right arises – early repayment. However, at the request of our Ukrainian partners, at the request of the IMF, we do not use this right, not wanting to aggravate the already difficult economic situation of our partners and neighbors, “- said Vladimir Putin.
Losing can and Russian banks. In Ukraine, in the form of loans they issued a total of $ 25 billion. And given that we are talking about the country’s largest banks, including state-owned, Russia can not remain on the sidelines.
“Dmitry Anatolyevich, I would ask you too to take control of the situation, to guide the government understands what is going on”, – he said.
“sure, Vladimir Vladimirovich. Of course, We are not indifferent to the fate of not only sovereign debt, but also the fate of commercial debt. In fact, this declaration of default simultaneously with the announcement of force majeure on the relevant obligations. In this situation, the Russian state and Russian commercial banks will have to respond adequately to all this. In any case, commercial debt, if such a decision would be taken from them, it will be necessary to use all possible means of protection, including legal, “- said Dmitry Medvedev.
The decision of the Verkhovna Rada can put an end to plans of Ukraine future improve its economy through foreign cash infusions. The debtor who refuses to pay, no new loans will not give. A moratorium approved by deputies, applies not only to Russia – a total of Ukraine should other countries $ 50 billion.
“I understand that if I make a mistake, you will correct me, the IMF does not provide any loans to countries that are in a situation of default, bankruptcy,” – said the President.
“This is the way , Vladimir Vladimirovich., really Monetary Fund program always considers and is based on the grounds that the claims of creditors settled to some extent. Therefore, the program can not provide resources for a country that has a non-regulated debt to its creditors, so we are going to consult with International Monetary Fund “, – said Russian Finance Minister Anton Siluanov.
Over the last year the Ukrainian government has assumed the many promises that subsequently refused to comply. This also applies to the Association Agreement between Ukraine and the European Union. In the fall of Kiev and Moscow promised to discuss all of the provisions of the document that affect the economic interests of Russia.
“We have agreed with our colleagues that on an association agreement Ukraine and the EU will be imposed a moratorium. It will not act until January 1, 2016, and during this time will be held relevant talks on the settlement of all disputes issues. Unfortunately, until now, these negotiations have not begun, “- said Vladimir Putin.
“We have reason for today to introduce retaliatory measures in the form of MFN, as our Ukrainian colleagues have carried out such a policy latency implementation of certain provisions of the agreement, which is contrary to our September agreements. However, we believe that there is a possibility of a positive decision, “- said the Minister of Economic Development of Russia Alexei Ulyukayev.
The grounds for cautious optimism give recently held talks in Brussels between Russia Ukraine and the EU. And although a lot of time is lost, the opportunity to negotiate remains. The next stage of consultation to take place in July.
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