MP: Law on moratorium on payment of external debts means technical default of Ukraine

Laws granting the government the right not to pay external debts to private creditors effectively represent a technical default by Ukraine, MP and the co-chairman of the Vidrodzhennia parliamentary group Viktor Bondar said on Wednesday.

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According to Bondar, such a position by Ukraine will scare off foreign creditors and put the country at the mercy of a single creditor, the IMF, which will be able to dictate the conditions for granting loans.

He also said that the laws were considered neither in committees nor in fractions.

MPs could not even understand what they were voting for, he said.

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