Yatseniuk sure parliament will back debt restructuring legislation

17:49, 12.09.2015 1 min read

Ukrainian Prime Minister Arseniy Yatseniuk believes the Ukrainian Verkhovna Rada will support the legislation on restructuring Ukraine's sovereign debt and raising social allowances.

"We will pass the debt restructuring legislation through the parliament. This is the best of all possible scenarios, and the Ukrainian people need this, and I believe Ukrainian politicians will support both the restructuring and the raising of pensions and salaries," Yatseniuk said during the 12th meeting of the Yalta European Strategy (YES) in Kyiv on Saturday.

Asked what steps need to be taken so that the parliamentarians should support this bill, Yatseniuk replied, "If they accept the restructuring plan, I promise the Ukrainian deputies that we will reduce our debt by $4 billion, that we will save $1.5 billion more on the interest, and that we will extend the payment of loans by four more years and will increase the social standard this way."