KIEV, Sept. 25 – Ukraine will not declare a default because it has all the resources needed to honor its domestic and foreign commitments, Prime Minister Arseniy Yatseniuk said.

"The former government had a number of deals with the Russian Federation, and these deals are and were not fair. They were more political, but, you know, Russians, they are not idiots. They usually try to facilitate a number of hooks in every deal… I want to be very clear. We passed a number of austerity packages. We meet all PCs that were imposed by the International Monetary Fund. So we are doing our best to stabilize Ukrainian financial sector," he said at the Council on Foreign Relations in New York on Wednesday.