Ukraine Vote Gives Government Power to Suspend Foreign Debt Payments

Ukraine’s parliament on Tuesday handed ministers the power to suspend foreign debt payments to defend against “unscrupulous” creditors.
The vote was the latest episode in an escalating row over a $25bn (£16bn) rescue package with the International Monetary Fund and European Union.
Finance minister Natalie Jaresko said in a statement, “In case of attacks on Ukraine by unscrupulous creditors, this moratorium will protect state assets and the state sector.”
Jaresko said the overwhelming vote in the Rada, allowing the government to suspend payments to Ukraine’s international sovereign debt-holders, was “an important protection for citizens who are already shouldering a heavy burden due to the war in the east”.



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