Press review: Russia boosts military potential and Donbass awaits crucial meetingPress Review August 17, 13:00
Justice Ministry adds Jehovah’s Witnesses to list of organizations outlawed in RussiaWorld August 17, 12:50
Moscow Zoo welcomes pygmy hippopotamus OliviaSociety & Culture August 17, 12:48
Russia’s new MC-21 airliner to climb to 11km altitude in flight testsBusiness & Economy August 17, 12:31
Poll shows number of Poles seeing Russia as threat decreases by halfSociety & Culture August 17, 12:18
Typhoon armored car with new remote weapon station may pass into service in 2017Military & Defense August 17, 11:47
Gazprom increases exports to future consumers of Turkish Stream gas projectBusiness & Economy August 17, 11:31
Ex-German chancellor says Russia will not change stance on CrimeaWorld August 17, 11:09
Aircraft manufacturer says company ready to produce at least 30 MC-21 planes annuallyBusiness & Economy August 17, 10:39
KIEV, May 28. /TASS/. Ukrainian President Petro Poroshenko has signed a law allowing the government to impose a moratorium on foreign debt payment, the Verkhovna Rada reported on its website on Thursday.
The law entitled "On the Specifics of Conducting Transactions with State, State-Guaranteed and Local Debt" and passed by Ukraine’s parliament last week allows the government to suspend foreign debt payment to private investors.
The Ukrainian government has said it needs this possibility to protect state assets and people from "dishonest creditors."
However, experts have said the law is the first step towards Ukraine’s default on its liabilities.
Ukraine’s external debt hit $72.9 billion as of late 2014 while its internal debt stood at $29 billion and its gold and foreign currency reserves were less than $10 billion.