KIEV (Sputnik) — Ukraine is unlikely to default, Prime Minister Arseniy Yatsenyuk said Sunday.
"Our enemies and political opponents expected default… in Ukraine. It has not happened and will not happen. We know what to do, and do it," Yatsenyuk told the TSN television channel.
Ukraine's economy has deteriorated since an armed conflict between Kiev and Donbass self-proclaimed republics' forces erupted in April 2014 in the country's southeast. Since the beginning of the conflict, Ukraine’s national currency, the hryvnia, has been devalued almost threefold, and the GDP has been continuously decreasing.
On Thursday, Ukraine’s Finance Minister Natalie Jaresko announced that Kiev had reached an agreement with private creditors to write down 20 percent in Ukrainian bonds’ face value, among other measures.
