Ukraine Parliament Votes For The Government Power To Suspend Foreign Debt Payments

 

Ukraine’s parliament on Tuesday May 19,2015 handed ministers the power to suspend foreign debt payments to defend against “unscrupulous” creditors

The vote was the latest episode in an escalating row over a $25bn (£16bn) rescue package with the International Monetary Fund andEuropean Union

Finance Minister Natalie Jaresko said the overwhelming vote in the Rada, allowing the government to suspend payments to Ukraine’s international sovereign debt-holders, was “an important protection for citizens who are already shouldering a heavy burden due to the war in the east”.