Ukraine should either restructure debts before IMF or claim default, - Medvedchuk

Source : 112 Ukraine

Chairman of Political Board of Opposition Platform - For Life party claims that Ukraine has been under foreign management since 2014
21:05, 26 May 2020

Viktor Medvedchuk
112 Agency

Ukraine has to either restructure debts before the IMF or claim the default. Viktor Medvedchuk, the MP and Chairman of Political Board of Opposition Platform - For Life party said so during The Pulse, an evening show at 112 Ukraine TV channel.

"This country has been staying in the area of U.S. external management. It's been there since 2014, and it still is. (...) the law on the land market, and the law on banks and banking activity. Both of these rudely breach the Constitution, contradict the demands of the basic law, depriving courts of the very opportunity to appeal against certain decisions in terms of banking relations. They (the Ukrainian government, - 112 International) forgive everything that Poroshenko's criminal government had committed in terms of banks. 103 banks are closed, investors are robbed, and the owners are short-changed", he said.

The politician added that those who suffered losses can't even go to the court to appeal, because the banking law was approved.

Related: Medvedchuk: Selling pets for debt is savagery and cynicism

'The MPs not just pass the laws during extraordinary parliamentary sessions. Mr. President comes [to the session hall] (...) and says: "We have to pass it, because the IMF will not give any loans, and there will be a default", Medvedchuk said. 'And what is a default? Default is a voluntary refusal of the country to pay off the foreign debts during the announced period. This is what Ukraine needs. One had to voice out a condition: either you re-schedule our debt commitments, restructure the debts, or we stop paying and announce a default. If there was such a position, the IMF would consider this".

Related: Activities of foreign bacteriological laboratories in Ukraine should be transparent, - Medvedchuk


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