Russia’s missile early warning system helps ward off any threatMilitary & Defense June 29, 15:19
Jury to deliberate on verdict in Nemtsov murder caseSociety & Culture June 29, 15:08
Foreign customers interested in Russia’s latest icebreaker projectBusiness & Economy June 29, 14:22
British media accuse Russian footballers of doping after failure to host 2018 World CupSport June 29, 14:08
Russia’s budget deficit to fall almost by half in 2018 — PM MedvedevBusiness & Economy June 29, 13:59
Diplomat reassures that Russia, US ‘not in state of conflict’ over SyriaRussian Politics & Diplomacy June 29, 13:39
Kiev court decides to try ex-president accused of high treason in absentiaWorld June 29, 13:34
Moscow warns US of tit-for-tat response to diplomatic property seizureRussian Politics & Diplomacy June 29, 13:30
US aviation authorities notify Aeroflot of extra air-safety measuresBusiness & Economy June 29, 13:18
KIEV, June 4. /TASS/. Ukraine has managed to avoid default and stabilize its macroeconomic situation, President Petro Poroshenko said in his annual address to the parliament, the Verkhovna Rada, on Thursday.
"The massive macroeconomic aid from the International Monetary Fund and other international organizations, the EU states, the US and other countries - all this coupled with challenging and unpopular decisions and efficient actions by all branches of power allowed avoiding default, which seemed inevitable, stabilizing the macroeconomic situation and paying salaries and pensions without delays, slowing down the recession and controlling panic on the forex market," Poroshenko said.
The announcement was made just before telephone consultations between representatives of Ukraine’s Finance Ministry and a special creditors' committee on restructuring of Kiev's external debt planned for June 5. According to the IMF anti-crisis program for Ukraine, Kiev has to restructure $15.3 bln worth of debt to private investors in order to receive further finances. Ukraine plans to restructure payments worth $23 bln. According to the data provided by the country’s Finance Ministry, Kiev has spent $2.4 bln on debt servicing since the start of 2015.