To save Ukraine from default that the country may face should it fail to pay compensations for Russian bonds, the International Monetary Fund is ready to change crediting rules. The provisions will have to be amended on an international level, The Wall Street Journal said.
Should the IMF implement the initiative, Ukraine will receive a new loan in November.
Ukrainian Prime Minister Yatsenyuk still hopes that private creditors will be able to change the status of Kiev’s debt to Moscow. However, Russia has repeatedly stated that the loan of three billion dollars was an official loan. Therefore, Moscow will not take part in the talks with private financial institutions to restructure the loan.