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Ukraine may restructure again if economy slows, finance minister says
Journal Staff Report

KIEV, Sept. 17 – Ukraine will be able to service its liabilities on value recovery instruments (VRI) issued under debt restructuring if Ukraine's real GDP growth exceeds 4-6% per year, but if the economic situation worsens, the country could carry out more debt restructuring, Finance Minister Natalie Jaresko has said.

"If the country is in a difficult situation, God save us, if the aggression in the east, for example, worsened, Ukraine always has a chance as any debtor has to restructure its debts again. You see what happened to Greece recently: this can be done not once, not twice," she said while presenting a package of draft laws on debt restructuring in the parliament.




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