OREANDA-NEWS. May 20, 2015. The Ukrainian Government, according to him, began talks with the creditors to restructure the debt. He noted that the total amount of financial assistance from our external partners: International Monetary Fund, G7 countries and other contributors makes up \\$ 25 billion for four years: "At this, out of the sum worth 25 billion dollars we can use a maximum of 15 billion to repay our external debts. And the difference worth \\$ 10 billion to be spend to replenish foreign reserves, which, incidentally, grew up and now make it possible to maintain currency stability."

"So, we have for the next four years \\$ 15 billion as our financial asset," he explained.

On liabilities, the Head of the Government said that Ukraine has to pay \\$30 billion of the external debts and \\$17 billion U.S. of internal debts in four years: “We have 15, but we owe 47 billion. The question is: how to pay? We can't pay these debts from pockets of Ukrainians ".

Arseniy Yatsenyuk appealed to external creditors: "We ask our external private creditors to listen to the proposal of the Government of Ukraine and to restructure the debts of Ukraine, which are owned by private lenders, on the terms proposed by the Ukrainian Government. In the next four years we need to get a resource from this reorganisation, reduce the load on the Ukrainian state from external debts amounting of about 15 billion U.S. dollars."

In accordance with the passed lows the Cabinet of Ministers is entitled to set a moratorium for foreign payments on debt obligations to exclusively private creditors on the list of duties specified in the schedule to the law.

Arseniy Yatsenyuk stressed that such a right the Government can use in case of need – if we do not agree with our creditors." "And we hope that we will agree with our creditors," the Head of Government said.

"We want to pay, but we want to pay on the terms on which the Ukrainian Government and the Ukrainian state offers," Arseniy Yatsenyuk noted.

He stressed that laws mention solely private creditors, who are holders of the state external debt of Ukraine: "we are not talking about the state Ukrainian banks which pay their obligations."

"This debt operation that is conducted by the Government of Ukraine together with our creditors has no negative effect on either the Ukrainian banks or at currency exchange rate, but on the contrary it will be positive, because after the operation the debt of Ukraine will be smaller, and this means that the confidence of both lenders and investors will be more, because the Ukrainian economy will be more healthy," the Head of Government stressed.

He addressed to private lenders, "If you want to support Ukraine, if you rightly welcome Ukrainian citizens and the Ukrainian state, which is suffering from Russian aggression, suffering from war, lost 20% of the economy, lost through the Russian military aggression Crimea, where tens of thousands of Russian militaries trample Ukrainian land, help us not by word, but a dollar, or rather, billions of dollars".

"The Ukrainian people will appreciate it and it will be real answer and help for Ukraine, and Europe as a whole," A. Yatsenyuk said.

The PM appealed to the MPs of Ukraine to pass these bills: "let's help the Ukrainian people to save money, get a resource for the indexation of incomes. And let's release our children and our future generations from this burden created by Yanukovych and his predecessors."

The Verkhovna Rada supported the bill "On peculiarities of transactions with the state or guaranteed by the state debt and the local debt" (No. 2898) and corresponding amendments to the Budget Code of Ukraine (No. 2899). 256 and 246 MPs voted “For” respectively.