PM rules out default in Ukraine.

By bne IntelliNews February 24, 2012
The PM Mykola Azarov has ruled out the possibility of default in Ukraine. The reason for raising the issue is uncertain situation on the world financial markets as well as tough negotiations with the International Monetary Fund on getting another loan. According to First Deputy Head of the Presidential Administration Iryna Akimova, even if the IMF decides not to provide the loan, given the countrys debt situation, which improved in the past year, there will be no specific concerns with respect to an immediate default in Ukraine.

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