Ukraine's Finance Minister denies threat of default
The financial situation is difficult, but there is no threat of default now, Ukraine's Minister of Finance Natalie Jaresko has assured in an interview with the Focus edition.
"We have not default and even not pre-default state. Today this issue is not even discussed in the government," she said.
At the same time, the finance minister stressed that Ukraine needs the urgent stabilization of the financial system, including the banking sector.
In addition, she reported she had asked the heads of other ministries to find reserves and reduce costs by 25%.
"All the funds released will be used to finance the priority goals. The first one of them is national security," the official said.
Advertising
Advertising
MORE ABOUT
Shmyhal: Russia's default becoming matter of weeks, not months
17:35, 18.04.2022
Ukraine doesn't need default - Zelensky
15:02, 18.04.2020
Ukraine not considering default, waiting for help from IMF, including for fighting COVID-19 – Zelensky's spokeswoman
12:10, 28.03.2020
Zelensky: we will prepare new program with IMF in July, no default expected
10:44, 19.06.2019
New head of Ukraine's security council rejects Kolomoisky's idea of declaring default
19:31, 28.05.2019
LATEST
New EU sanctions will apply to supplies of manganese ore and aluminum oxide to Russia – Latvian authorities
21:07, 03.05.2024
NBU lifts restrictions on import of works, services; introduces other currency concessions
21:01, 03.05.2024
Ukrainian coal could be exported due to shutdown of Centerenergo in Russian heavy shelling – Minister of Energy
19:26, 03.05.2024
NBU requires Getin Holding to sell Idea Bank within six months
10:09, 03.05.2024
DIM company accredits houses under construction in eOselia program