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 Ukrainian Politics, Economics
  32950

 Ukraine freezes payment of "Yanukovych debt" and debt of two Ukrainian corporations to Russia

Ukraine imposes moratorium on payment of funds borrowed during Yanukovych presidency from the Russian Federation.

Prime Minister of Ukraine Arsenii Yatseniuk said at the government meeting, Censor.NET correspondent reports.

"The Ukrainian government introduces moratorium on the payment of the so-called Russian debt today," he said.

"I should once again remind that Ukraine has agreed debt restructuring with the sane debt holders," the prime minister said.

Read more: Russia continues demanding Ukraine's full payment of $3-billion 'Yanukovych' debt

According to Yatseniuk, Russia was the only debt holder, which refused to restructure debt despite repeated proposals of Kyiv.

"Therefore ... we impose moratorium on the payment of $3.057 billion under Russian bonds. In addition, the Ukrainian government imposes another moratorium on the payment of $507 million that two Ukrainian companies - Pіvdenne Design Bureau and Ukravtodor - have borrowed from the Russian banks," the PM said.

According to Arsenii Yatseniuk, the payments will not be made until either the Ukrainian offer is accepted or the relevant litigation is over.

"I should stress that we are ready for the trial," Yatseniuk summed up.

Read more: Russia made no offers on "Yanukovych debt", - Finance Minister Jaresko
 
 
 
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