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Ukraine's PM: Any financial default will hurt common citizens first

Volodymyr Groysman opposes the offer by oligarch Ihor Kolomoysky; he previously came up with an idea to announce the default, which means Ukraine technically
14:17, 27 May 2019

Open source

The debt pressure that is now a tough load for the state budget of Ukraine comprises of the debts of previous governments; but the current Cabinet is the one to serve thse debts. Prime Minister Volodymyr Groysman said that as quoted by the goverment website.

'The absence of payments is a global crisis, and return to the 1990s. Ukrainians have had enough of these crises by now. The common Ukrainians will be the first to suffer from any sort of defaults', reads the message.

Related: Revers in nationalization of PrivatBank threats relations with IMF, crisis, default, - Poroshenko

Groysman added that that currently the key task would be to strengthen the economy and provide a proper, timely service of the debts. Ukraine has to stay loyal to the reputation of the responsible country, which respects and lives up to its commitments; and Ukrainians do not need any new crises caused by the unjustified decisions. 

Related: Ukraine oligarch urges Volodymyr Zelensky to default on debt

Previously, oligarch Ihor Kolomoysky gave an interview to The Financial Times, offering that Ukraine announce financial default, using the example of Greece.

Igor Kolomoisky’s comments in an interview with the Financial Times will ring alarm bells with Kyiv’s western backers even though Mr Zelensky has said he would stick to the terms of Ukraine’s $3.9bn bailout.

Related: Default in Ukraine postponed until 2019, but debt problems not resolved

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