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Jaresko: Ukraine managed to restructure US$12 milliard in public debt
29.01.2016 12:28 "Agro Perspectiva" (Kyiv) —
As of yesterday, while speaking at the «Focus Ukraine: Global Export Credit Agency and Multilateral Financial Institutions» strategy meeting in Kyiv, the Ukrainian Finance Minister Natalie Jaresko said Ukraine had managed to restructure US$12 millird in public debt, what helped significantly reduce pressure on public finance, UNIAN reports.
«We have restructured US$12 milliard of debt. Just as an example: in 2016, we would have to pay US$2.8 milliard [for servicing the public debt]. Instead, we will pay US$574 million,» she said.
As to the report, Jaresko also noted that the restructuring enabled Ukraine to write off or postpone the maturities under a large part of the debt.
«We have agreed to reduce the principal payments by US$11.5 milliard by 2021,» she admitted.
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