Украина 2016-08-08T05:11:06+03:00
Українські новини
​Jaresko: Ukraine May Default In Late July

​Jaresko: Ukraine May Default In Late July

Goldman Sachs Group Inc. assumes Ukraine defaulting in late July.

Ukraine might default in late July, Minister of Finance Natalie Jaresko has told journalists after members of the Cabinet of Ministers had met with representatives of the American Chamber of Commerce and European Business Association.

“In theory this is possible,” she answered to journalists’ question if Ukraine could default in late July over the need to pay another coupon on its Notes of USD 120 million on July 24.

Jaresko remembers that the Verkhovna Rada has passed a law on moratoriums on payment of foreign debt to private lenders.

Goldman Sachs Group Inc. assumes Ukraine defaulting in late July.

The Verkhovna Rada on May 19 empowered the Cabinet of Ministers to impose moratoriums on payments to private holders of international debt obligations.

The law was published by Holos Ukrainy on May 30 and took effect on the next day after the publication.

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