The German business daily Handelsblatt has said that after the dismissal of the head of the National Bank of Ukraine (NBU), Yakova Smolya, the country faces bankruptcy because of its debt.
On Wednesday, Smoliy wrote his letter of resignation. He has been performing his duties since March 2018.
“Now Ukraine is facing bankruptcy as a state again. The fact is that Kiev must urgently ensure the repayment of debts to foreign creditors by several billion. Only this year Ukraine will have to refinance old loans in the amount of 17 billion dollars, the maturity of which is already expiring”, – quoted as saying.
After Smoliy’s resignation, the issue of Eurobonds, which were planned to be placed on the London Stock Exchange in July, was stopped, the publication writes.
In general, Ukraine expects to receive 3.5 billion dollars from the International Monetary Fund (IMF) under the new program, up to 1 billion euros from the World Bank, as well as more than 1 billion euros of macro-financial assistance from the European Union by the end of the year, said the head of the Ministry of Finance of Ukraine Serhiy Marchenko.