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Ukrainian Domestic Market Immune to Risks From Debt Restructuring

© Sputnik / Anzhela BabenkoUkraine's National Bank
Ukraine's National Bank - Sputnik International
Restructuring the Ukrainian debt, and even a default, will not have a great impact on the Ukrainian domestic market, the deputy governor of Ukraine's National Bank.

National Bank of Ukraine - Sputnik International
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KIEV (Sputnik) A trilateral meeting between representatives of the Ukrainian government, the International Monetary Fund (IMF) and a committee of bondholders took place in Washington on Tuesday. The IMF proposed that Ukraine and its bondholders continue negotiations to reach agreement on the issue of restructuring the Ukrainian debt, but the parties did not touch on practical measures.

“Considering that our domestic financial market is separate from the foreign financial market, because we do not have access to external funding, we essentially cannot expect any problems with the fulfillment of commitments on the part of economic agents,” Dmytro Sologub told the press.

Ukraine's total debt amounts to $67.6 billion, the internal share of which is estimated by the Ukrainian Ministry of Finances to be in the region of $24.2 billion.

Ukrainian Minister of Finance Natalie Jaresko has previously suggested that Ukraine could theoretically default in late July.

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