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Finance ministry: Ukraine not ready to revoke debt payment moratorium
Journal Staff Report

KIEV, April 13 – A moratorium to settle payments on foreign debt will be revoked if agreements with holders of sovereign notes are reached but the noteholders have not yet given their consent for Ukraine's debt rescheduling, Ukraine's Finance Ministry said.

"If the holders of sovereign notes allegedly due in December 2015 and the creditor under Ukravtodor’s sovereign-guaranteed loan agree to restructure the said debt obligations, the temporary suspension of payments under the respective debt obligation will be terminated on the date of the respective restructuring transactions and the change of terms of the respective debt obligation," the ministry said.




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