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Date: a month ago   Category: Finances

Poroshenko "has written off" debts of the Ukrainian defense industry of Russia

The president of Ukraine has signed the law allowing Ukroboronprom not to execute the concluded contracts with the Russian companies. The ban of the Photo is imposed on execution of decisions of the International Courts of Justice on collecting debts too: Poroshenko has allowed Ukroboronprom not to repay to Zuma\TASS the Russian debts. The president of Ukraine has signed the law adopted by the Verkhovna Rada on July 12. According to the document, in connection with the decision on a rupture of cooperation with Russia made four years ago in the military sphere performance of the contracts signed earlier in this sphere became impossible. Then the enterprises customers have begun to turn to the courts in the territory of Russia for collecting debt, despite the reference of the Ukrainian contractors to force majeure circumstances. The new law imposes a ban on execution of decisions, including foreign vessels, about collecting debt on obligations where a creditor is the company from Russia or its "daughter", and the debtor — defense industry enterprise of Ukraine. Why such law has been adopted, the director of the Ukrainian institute of the analysis and management of policy Ruslan Bortnik explains: Ruslan Bortnik the director of the Ukrainian institute of the analysis and management of policy "Earlier the Russian companies had an opportunity, the right to appeal in the Ukrainian courts against nonpayment of debts, default on obligations of these or those contracts. Today in this regard the decree they will lose this right, and now there will be uncertain a procedure of possible appeals of such contracts. As earlier the Ukrainian courts refused such decisions, most likely, that it was worth expecting, but it was always possible to appeal in the international instances, and today as the national stage isn't passed, everything will depend on what conditions are stated in contracts: there is a possibility of some international arbitration there or very long procedure in the international economic courts which in general deprives of expediency fight for these contracts is expected". Whether remain with the Russian companies of an opportunity to recover debts from the enterprises of the Ukrainian defense industry? The leading expert of the Center of the political analysis Mikhail Zakharov in it somnevayetsya:mikhait Zakharov the leading expert of the Center of the political analysis "The Russian companies in relation to the Ukrainian companies throughout long time quite often happened such eternal creditors, that is there were infinite debts which, anyway, were paid, perhaps not in full, by long restructurings and, in general, through quite difficult schemes. But after all these debts admitted both parties, and both parties had a desire to do business in a civilized way. If Ukraine just refuses these debts — well, refuses. It not the first decision of the Ukrainian side of this kind. As the Soviet government has refused to pay debts of the Russian Empire because it is the debts gathered by the imperialistic government contrary to will of the working people. What, has someone collected this money from the Soviet Union? Isn't present". According to Kiev, volume shown to payment of the enterprise



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