Thursday, May 21, 2015

Foreign investors have filed lawsuits against Ukraine at $ 8 billion

Foreign investors have filed lawsuits against Ukraine at $ 8 billion
21/05/2015



Foreign investors in the international courts are going to collect from the Ukraine 170 billion hryvnia, it is more than eight billion dollars. On told Interfax-Ukraine with reference to the Deputy Minister of Justice of Ukraine Anton Yanchuk.

- Total assets amounted to 170 billion hryvnia - Yanchuk told reporters at a briefing.

The official said that this amount consists of 21 claims of foreign investors. He explained that in 2012 the sum of claims of 30 billion hryvnia, and in 2013 - 20 billion. Growth of volume of financial claims to explain the loss of Ukraine deputy foreign investors due "war of the oligarchs."

Speaking on May 19, the Verkhovna Rada endorsed the bill, which gives to the government the power to declare a moratorium on the payment of any external debt. The initiative for the adoption of such a law was made by the Cabinet of Ministers of Ukraine, the Minister explained that the moratorium will protect state assets from the "attacks unscrupulous lenders."

Recall, back in early April, Finance Minister Natalia Yaresko appealed to Western creditors with a request to restructure its $ 15 billion foreign debt. However, she hurried them, saying that it is necessary to take a decision before the end of May that the country was not out of the IMF program. Such a proposal was brought from the creditors themselves, therefore they refused to write off the debt of Ukraine.

It should also be noted that Ukraine has until the end of 2015 to repay the Russian bonds for three billion dollars. A general government debt in Kiev on January 1, 2015, as noted in the Cabinet, 70 billion US dollars.
Source

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