The government Poroshenko wants to convince international lenders and Russia to forgive a multibillion-dollar debts, as the country has no other options to rescue its own economy.
MOSCOW, 18 sen. Financial situation in Ukraine leaves much to be desired, despite all efforts of the international community, reports the German newspaper Süddeutsche Zeitung.
“The statement by the Minister of Finance of Ukraine Natalie Jaresko at the end of August about the debt relief was like magic. According to her, the creditors agreed to forgive the country several billion dollars. In reality, however, this transaction has not yet taken place”, — commented the authors.
International funds granted Ukraine loans worth $ 18 billion that “Kiev is unable to pay.” In early 2015, the IMF averaged hole in the budget of Ukraine in the amount of $ 40 billion by 2018. While the IMF is ready to provide Ukraine 17.5 billion dollars over the next three years, and another 7.5 billion should provide the world Bank, the EU and the US.
Important is the issue of settlement of debts of Kyiv Moscow. However, even if it is resolved, Ukraine will remain the debts of another $ 50 billion and debts of “Ukrainian Railways”, the city of Kyiv and state-owned enterprises. Even when addressing some of the issues on debt restructuring IMF economists speak of “high economic risk” in Ukraine and “the probability of the next collapse of the economy”.