REUTERS
The Cabinet of Ministers is developing a draft law on granting the government the right to impose a moratorium on foreign debt payments, a source close to the government has told UNIAN.
"It's about providing the cabinet with the right to declare a moratorium on payments under foreign debt. It will not affect internal payments, nor the stability of the banking system,” the source said.
“In addition, the list of debts that can be subject to payment moratorium does not include debts to the IMF, the EBRD and other institutional creditors."
Also, according to the source, the right of moratorium can be used by the cabinet only in relation to debts secured by the government in the list of public and quasi-public debt to be restructured, with the exception of securities of the state banks – Oshchadbank (Savings Bank) and Ukreximbank, as well as securities of the State Administration of Railway Transport Ukrzaliznytsia.