Russia will soon be able to demand early repayment of two-year Eurobonds worth 3 billion. Deputy Minister of Finance of the Russian Federation Sergey Strochak told reporters about it. The prospectus provides for automatic repayment in the event that the state debt to GDP grows to more than 60 percent, he said.
During the signing of the agreements, according to Storchak, no one thought that it would be impossible to keep the hryvnia exchange rate.
“Accordingly, now, on the one hand, the course has changed significantly, on the other hand, there are problems with the current economic growth and the size of GDP. Therefore, there is a likelihood that this covenant will be broken, ”the Russian official said.
At the same time, Sergei Strochak is confident that Russia will not require Ukraine to fulfill its credit obligations ahead of schedule. According to him, Russia is interested in financial stability in Ukraine.
“We are interested in everything there being stable, reliable, so that the effects associated with the economic situation in Ukraine do not overwhelm each other in waves,” Strochak emphasized.
Russia will not demand early redemption of $ 3 billion of Ukrainian Eurobonds
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Azovpromstal® 19 March 2014 г. 15:50 |
