MOSCOW, December 18. On Friday, the Ukrainian government has imposed a moratorium on the payment of the debt of the Russian Federation, at the meeting of the Cabinet of Ministers said the Prime-Minister of Ukraine Arseniy Yatsenyuk. “Due to the fact that Russia has refused, despite our attempts to sign the restructuring agreement, to adopt our proposals, the Cabinet of Ministers introduces a moratorium on debt repayment in the amount of $3,075 billion to Russia”, – he said. The Ukrainian Prime Minister explained that the moratorium also will affect payments of $507 million, which needs Russian banks, two Ukrainian companies Yuzhnoye and “Ukravtodor”. According to Yatsenyuk, all payments are suspended until the adoption of the proposals of Ukraine on a debt or judgment.
The representative of the Kremlin has refrained from comments
The Russian presidential aide Yuri Ushakov refrained from commenting on the reaction of the Kremlin to the decision of the government of Ukraine on introduction of moratorium on payment of debt to Russia.
“The President talked about this. I have nothing to add,” said Ushakov, answering the question whether Russia to appeal to international judicial authorities in connection with the announced on Friday the decision of the Ukrainian government.
Declaration of default
The decision of the Cabinet of Ministers of Ukraine is effectively a Declaration of default, the head of the Federation Council Committee on international Affairs Konstantin Kosachev.
Yatsenyuk: Ukraine has imposed a moratorium on the payment of a debt of Russia
The decision of Kiev “and in fact, under international law, including the regulations of the International monetary Fund, is actually a Declaration of default of Ukraine,” said the Senator, who met with French parliamentarians.
He also stressed that the moratorium is introduced despite the fact that “Russia, despite the specificity of Russian-Ukrainian relations at this time did not require the return of the debt and offered absolutely privileged, exclusive conditions for its possible restructuring”.
“I’m sure the court we will win”
The Chairman of the Duma Committee on economic policy, innovative development and entrepreneurship Anatoly Aksakov I am confident that the international court will rule in favor of the Russian Federation on Ukrainian debt. Such a verdict, in his words, may appear in the second half of 2016.
“Now we have, of course, our state to go to court. I’m sure the court we will win, I am sure that we will make a charge for the money. If not will charge, Ukraine will have to default on its debts. But then there is a problem in many lenders who have given money now Ukraine and continue to give,” he said on air of TV channel “Russia 24”
“Judgment may be obtained in the next year, most likely in the second half of next year, I understand that our lawyers are already in this direction acted and the appropriate steps now, after the official announcement that Ukraine is not going to return the debt, will be able to apply to the international court,” – said Aksakov.
In December 2013, the presidents of Russia and Ukraine Vladimir Putin and Victor Yanukovych have agreed that Moscow will give Kiev a loan of $15 billion through the placement of Ukrainian securities. Under this program, bonds for $3 billion were placed on the Irish stock exchange on 20 December 2013 and bought by Russia at the expense of the national welfare Fund. On 17 December, the IMF confirmed that the debt of Ukraine to Russia is official. 20 December, Kiev was supposed to fully repay the loan before Moscow, if he do not, within 10 days after the onset of this period, Russia will go to court.