Danyliuk: Declaring default in Ukraine not an option

Newly appointed Secretary of the National Security and Defense Council Oleksandr Danyliuk says Ukrainian President Volodymyr Zelensky's team does not even consider declaring a default in Ukraine as an option.

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"The government's position is to protect citizens' interests. It's clear that default on [the country's] debt instruments is the road to nowhere. It undermines trust in the state, which will immediately lead to consequences that will affect people. Therefore, such options are not even under consideration," he told journalists following a meeting of Zelensky's team with representatives of a mission of the International Monetary Fund in Kyiv on May 28.

As UNIAN reported earlier, Ukraine's state and government-guaranteed debt in the U.S. dollar equivalent grew by 0.6% in January-March 2019, to $79.82 billion.