Klitschko proposes to Kyiv City Council to consider moratorium on foreign debt payment

08.10.2015 15:59

The mayor of Kyiv Vitaly Klitschko has proposed to Kyiv City Council members to add to the agenda and hear the conclusions of the budget committee who examined the possibility of imposing a moratorium on the payment of external debt of the capital city, and vote in the interest of Kyiv and its residents.

He noted that at the last meeting of the budget committee had been asked to study the possibility of imposing a moratorium on the payment of the Kyiv foreign debt . Negotiations with creditors had been held for several weeks.

"The point of Kyiv is to get fair conditions for Ukrainian capital in the current situation. the negotiations are not yet completed and we continue to defend our view, as it about repayment of old debts of UAH 12.5 billion we have inherited. I would like to note that the current Kyiv authorities managed to cover UAH 1.2 billion of the debt despite the fact that we managed to pay the debts in salaries to state employees, energy debts, and formed a balanced, socially oriented budget," the mayor emphasized.

Klitschko said that these days Kyiv is preparing for the heating season, and providing heating and energy for Kyiv residents, repairing and weatherization of facades and entrances, as well as installation of heat meters are top riorities of the city authorities. In addition, Kyiv has to allocate funds to support socially vulnerable categories and develop the city. "Kyiv should have funds for sustenance of the city and its inhabitants. And it is the most important in the current situation", the Kyiv mayor said.

"Under the law, the city council has the right to suspend payments on foreign debt. And today I suggest hearing the conclusions of the budget committee that examined this issue and add it to the agenda of the session. And vote - in favour of Kyiv and its residents!" Vitali Klitschko underlined.

The City council added the question of servicing and repayment of Kyiv debts in 2015 and heard the report of the Budget Commissioner of Kyiv City Council Andriy Strannikov.

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