According to the head of the national Bank of Ukraine Valeriya Gontareva, the International monetary Fund classification of the Russian bonds will not affect the financial stability of the country.
MOSCOW, 17 Dec. The decision of the International monetary Fund (IMF) on the classification of Russian bonds for $ 3 billion in official debt of Ukraine will not affect the financial stability of the country, said the head of the national Bank of Ukraine Valeria Gontareva.
“The decision by the IMF, “Russian bonds” is neutral for Ukraine”, — quotes its statement to Bloomberg.
Earlier Thursday, the Ukrainian Finance Ministry said that the authorities expect to continue lending from the IMF, despite the recognition by the Fund of debt Kiev before Moscow official.
Ukraine on 13 November, completed the restructuring part of its debt, which affected securities previously purchased by commercial lenders, to $ 15 billion, of which $ 3 billion was written off. In early December, the IMF Executive Board lifted the ban on the continuation of the program of financing of the country if it defaulted on sovereign debt (indebted to the lender).
The maturity of the bonds for $ 3 billion Russia bought in late 2013, will expire on December 20. The IMF confirmed on Wednesday that Ukraine’s debt to Russia is official, and therefore, according to the rules of the IMF cannot be renegotiated on the same terms as the debt to private creditors.
The Ukrainian government interpreted this duty to the Russian Federation as commercial, as it was formed as a result of the redemption of the bonds on the Irish stock exchange. However, according to the IMF rules, the instrument of acquisition in this case does not matter: the status of the debt qualifies for the purchaser. The Russian Federation also indicates that Ukraine’s bonds have been purchased at non-market conditions (low interest rate).