The Finance Ministry: Kiev is waiting for the continuation of the programme of IMF financing

The Finance Ministry: Kiev is waiting for the continuation of the programme of IMF financing


The Ukrainian government expects that the new rules for IMF lending would enable the regulator to continue financing of Ukraine under the program of financial assistance, and expressed readiness to continue talks on the restructuring of the December payments.

MOSCOW, 18 Dec. Ukraine hopes for continuation of program funding from the International monetary Fund (IMF), said in the official statement of the Ministry of Finance.

“The Ukrainian government expects that the new rules for IMF lending would enable the regulator to continue financing of Ukraine under the program of financial assistance”, — said in a statement.

In addition, the Ministry of Finance of Ukraine expressed its readiness to continue negotiations on restructuring the December payments on Eurobonds during the meeting with bondholders. This includes Russia.

On Friday, the Cabinet of Ministers of Ukraine introduced a moratorium on the payment of debt to Russia to $ 3 billion, maturing December 20. The moratorium also applies to payment of 507 million dollars two Ukrainian companies to Russian banks — KB “southern” and Ukravtodor. The Cabinet of Ministers of Ukraine ready to sue Russia because of a debt in 3 billion dollars.

The international monetary Fund on Wednesday officially confirmed that the debt of Ukraine to the Russian Federation is the official, and therefore under the rules of the IMF cannot be renegotiated on the same terms as the debt to private creditors. Kiev said that taking into account the position of the Fund, however, will still not be able to repay without violating the primary conditions of the loan. However, the Ministry of Finance of Ukraine expressed its readiness to negotiate with Russia on the restructuring of this debt.