The Ministry of Finance of the RF: Ukraine is able to repay Russian credit

 The Ministry of Finance of the RF: Ukraine is able to repay Russian credit

The Ministry of Finance of the Russian Federation is sure that Ukraine has sufficient potential for economic repayment of the loan.

Confirming this, the press-service of the Ministry announced of an asset from Ukraine, which in the future will bring a huge income to the state.

 

«In terms of placing funds of the National Wealth Fund (NWF) we received assets which must bring us a good income», the Finance Minister Sergey Storchak said.

 

The Finance Minister predicts certain risks of non-repayment of the loan. For example, in January 2014, rating Agency Standard & Poor's downgraded the ratings of Ukraine for obligations in foreign currency to CCC+With a negative forecast. The reason was the sharp political crisis in Ukraine. For the same reason, Moody's downgraded the sovereign credit rating of Ukraine to the level Caa2 with negative forecast.

 

Recall that on December 17, 2013, Ukraine was given a $15-billion loan under a 5% annual rate by the Russian President Vladimir Putin. Acquisition of the first tranche of securities of $3 billion for 2 years ended on December 20, 2013, As the Finance Minister Anton Siluanov said in late January the third transfer ($5 billion) will be provided at the expense of special drawing rights (SDR), and the remaining $10 billion from the NWF.


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