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Ukraine is capable of paying foreign debt – finance minister

February 23, 2012, 2:05 UTC+3
He emphatically dismissed the risk of Ukraine’s default
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Photo EPA/ITAR-TASS

Photo EPA/ITAR-TASS

KIEV, February 23 (Itar-Tass) —— Ukraine has sufficient financial resources at its disposal for settling its foreign debt liabilities this year, Finance Minister Valery Khoroshkovsky said at a meeting with members of the parliamentary committee for financial security and banking.

He emphatically dismissed the risk of Ukraine’s default.

“I can officially dismiss this sort of insinuations, because in reality we see no problems with paying the foreign debt at all,” he said. Khoroshkovsky promised that no such problems should be expected even if Ukraine did not resume the program for cooperation with the International Monetary Fund.

Khoroshkovsky said that one of the largest installments of foreign debt payments was in February this year and the country coped with it quite easily.

“We see all aspects, we see sufficient financial resources for settling all these debts,” Khoroshkovsky said.

Earlier, Bloomberg said that Ukraine’s default risks were smaller only those of Greece.

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