Jaresko says market crash in July is theoretically possible

15:00, 25.06.2015 1 min read

Ukrainian Finance Minister Natalie Jaresko has said that a market crash under foreign obligations is theoretically possible in July 2015.

She said this to journalists after a meeting of Ukrainian Prime Minister Arseniy Yatseniuk and the Cabinet of Ministers with representatives of the American Chamber of Commerce in Ukraine and the European Business Association on Thursday.

"It's theoretically possible," she said while commenting on Goldman Sach's statement that Ukraine might suffer a market crash in July and fail to pay the coupon under Eurobonds on July 24.

Jaresko said the Verkhovna Rada of Ukraine had adopted the law allowing the government to stop payments.

"You know that the law was adopted by the Verkhovna Rada at the government's request," she said.