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 Lutsenko on debt payments moratorium: We will either reach agreement with creditors or announce technical default

The law on the right of the Cabinet to impose moratorium on payment of foreign debt will allow to declare a technical default, unless an agreement with creditors on restructuring is reached.

This was stated by head of Poroshenko Bloc faction Yurii Lutsenko, Censor.NET reports citing Interfax-Ukraine.

Read also: Parliament authorizes the Cabinet to impose a moratorium on payment of foreign debt

"This is a very complicated document that will make it possible either to negotiate with creditors, or announce technical default. The parliament is now making a final attempt to help the government in debt restructuring," he said at a Tuesday session.

Earlier, former head of the U.S. Treasury Larry Summers stated that Ukraine should be ready to declare a default.


 
 
 
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