The analyst of sovereign debt of Ukraine: if the court of London will be on the side of Yanukovych, the threat of a default will greatly increase

Политолог о суверенном долге Украины: если суд Лондона станет на сторону Януковича, угроза дефолта сильно увеличится

If the court of London suddenly the new formula will be on the side of the fugitive Viktor Yanukovych, we will have to pay three billion dollars and then the threat of default is incredibly high.

This was announced by the Director of the sociological service “Ukrainian barometer” Victor Nebozhenko is in the comments correspondent of ГолосUA.

“What about the statement by the President that the sovereign debt of Ukraine in the first half fell to 63%, when Poroshenko said some figures, it is evident that he is lying. He can’t be trusted. If he even spoke some geographical names or called any names Western, Ukrainian and Russian politicians, it would have to check. But where Poroshenko the math, it’s not even information, but just “poroshenkovsky banter,” said the analyst.

According to V. Nebozhenko, with regard to sovereign debt, we are torn between the default (because they can not pay debts) and the strange decision of London that we should now urgently pay three billion dollars.

“We still gave some time to pay off this debt. At any time, the Royal court may take a decision under the new procedure, and these three billion (that’s also part of the sovereign debt, like it or not Ukraine) (will have to pay – Ed.). In this sense, the world community will be on the side of Yanukovych because of sovereign debt and state guarantees is a part of international norms. Here it is impossible to say who is good who is bad. Therefore, how the court decides, I difficult to say. If the court suddenly new formula will be on the side of Yanukovych, we will have to give those three billion and then of course the threat of default is incredibly high,” he said.
We will remind, the sovereign debt of Ukraine in the first half of the year fell to 63% in relation to GDP. This was stated by President of Ukraine Petro Poroshenko during the opening of the 15th annual meeting of the Yalta European Strategy (YES).

“The ratio of sovereign debt to GDP in 2016 was over 82%. Now in the middle of the year – 63%”, – he said.

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