Ukraine will not declare a default because it has all the resources needed to honor its domestic and foreign commitments, Ukrainian Prime Minister Arseniy Yatsenyuk has said.
‘The former government had a number of deals with the Russian Federation, and these deals are and were not fair. They were more political, but, you know, Russians, they are not idiots. They usually try to facilitate a number of hooks in every deal… I want to be very clear. We passed a number of austerity packages. We meet all PCs that were imposed by the International Monetary Fund. So we are doing our best to stabilize Ukrainian financial sector,’ he said at the Council on Foreign Relations in New York on Sept. 24.
The Ukrainian authorities also want to review a number of points of their cooperation program with the International Monetary Fund (IMF), he said.
‘Probably we do understand that we have to re-adjust the program, because when we started the program with the IMF, it was a peace program. For today, this is the wartime government and wartime program. But we strongly believe and we are confident that Ukraine will not default,’ the premier said.
