At the request of the Minister of Finance of Ukraine, a call with the ad hoc Committee representing Ukraine’s international commercial creditors was held on Friday, June 5. The Ministry regrets that the Committee’s offer to Ukraine remains unchanged.
The Committee’s proposal to offload their sovereign claims into the books of the National Bank of Ukraine is unacceptable as it assumes using the National Bank of Ukraine’s reserves, in clear violation of Ukrainian law, and more generally in clear contradiction with Central Banks best practices.
The Ministry reiterates the need for the creditors to enter a dialogue regarding appropriate burden sharing by creditors consistent with the EFF programme.
The Minister expressed a willingness to meet directly with the creditors and encourages the Committee to remove artificial and counterproductive barriers to more constructive dialogue.
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