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In the National Bank commented on the default for GDP bonds

Photo: Correspondent.net (Ilyustrative Photo)

Everything was in the hands of the Ukraine government, under government control and there were no risks for financial stability, the NBU emphasized.

The negative impact of Ukraine’s pass on June 2 of payment for $ 665 million for GDP varantants is currently absent, as well as further risks for financial stability. This was said by the Deputy Head of NBU Yuri Geletius in a briefing on Thursday, June 5.

“We do not see any negative display. No negativity. There is a negotiation process for developing conditions of repair,” he said.

Geletius recalled that the National Bank was not a participant in this process, though at the National Bank of GDP Varant portfolio for $ 44 million with a total of 3 billion 239.32 million dollars.

“As you know, since last year a moratorium has operated on the payment of Varantians. Therefore, everything is in the hands of the government, under government control and there are no risks for financial stability,” the NBU deputy head emphasized.

Keep in mind that Ukraine may not agree with creditors and has missed paying $ 665 million in public debt related to so many GDP varantants – debt obligations tied to the speed of economic growth.

The International Rating Agency S&P Global announced Ukraine’s default for GDP-blocking.

Ukraine announces a technical default for security

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Source: korrespondent

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