Saturday, June 13, 2015

Ukraine says it may freeze debt payments to fund war

Ukraine's premier warned Friday that Kiev would freeze its debt repayments if no immediate deal was found with private lenders because it had to fund its escalating campaign against pro-Russian fighters.

Prime Minister Arseniy Yatsenyuk said on his return from a crunch visit to Washington that the International Monetary Fund had given his embattled government a few weeks' reprieve to enact laws needed for the release of new loans.

But the Western-backed cabinet leader said the Fund had signalled its willingness to let Ukraine restructure debts at its own pace -- and that interest payments to Western commercial lenders and Russia may stop as early as next week.

"Today, Ukraine spends as much on foreign and domestic debt servicing as it does on defence," Yatsenyuk told a government meeting.

"The budget can no longer afford it -- and not just the budget. The Ukrainian people can no longer live like this," he said.

"We will not take money out of Ukrainians' pockets to pay foreign debts."..............http://timesofindia.indiatimes.com/world/middle-east/Ukraine-says-it-may-freeze-debt-payments-to-fund-war/articleshow/47651046.cms

13/6/15
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2 comments:

  1. OSZE meldet Eskalation in der Ukraine...

    Die Zahl der Gefechte steigt. Regierungstruppen und Separatisten in der Ukraine kämpfen zunehmend in bewohnten Gebieten. Beide Seiten setzen laut OSZE Landminen ein...zeit.de
    13/6/15

    ReplyDelete
  2. The conflict in Ukraine continues to escalate and could spiral out of control, experts have told Anadolu Agency...

    Alexander Hug, deputy chief of the Special Monitoring Mission of the Organization for Security and Cooperation in Europe (OSCE) said: “The Special Monitoring Mission [SMM] has seen a sharp increase in tension levels in the conflict since June 3.

    “We see no indication of adhesion to the first measure of the Feb. 15 Minsk Agreement, which calls for a ceasefire.”

    Fighting has continued in specific spots along the 'contact line' – the division between territory held by pro-Russian separatist rebels and the Ukrainian army – since the agreement was signed, Hug said.

    “But, at the moment, there is fighting all along the contact line,” Hug said, noting that Marinka, in the Donetsk province, was a hot spot.

    Clashes around Marinka and at nearby villages claimed some 30 lives last week and threatened to escalate on Thursday and Friday, when a Ukraine military spokesman reported mortar fire and attacks with small-arms.

    Security analysts warn that escalation of the conflict could lead to “all-out war”............http://www.aa.com.tr/en/headline/536243--ukraine-conflict-could-spark-all-out-war-experts-warn
    13/6/15

    ReplyDelete

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