Opinion: The risk of technical default Naftogaz will exist next year

Due to the fact that the real sources for the financing of Naftogaz Ukraine does not, the likelihood of technical default of the company will continue to exist, at least, even the next year, especially given the fact that a precedent had been. Told economist at the International Center for Policy Studies Ildar Gazizullin, commenting on the information that Naftogaz could not manage to agree with the holders of Eurobonds NAK until 30 September this year, when the deadline for payment of Eurobonds, and then the company defaulted on its securities.

Indeed, there is such a risk, and this possibility always exists, and this year and next, - he said.

According to the expert, this day is not clear how Naftogaz will cover its deficit, or the financial gap between expected income and expenses.
As the AI

Gazizullin, in the event of technical default in the first place to suffer the image of Ukraine, and the following borrowing for public company is much more expensive.

The main negative consequence is that future borrowings will be more expensive because investors will lay the potentiality of technical defaults in the value of resources to be provided by Ukrainian state-owned companies, - he said.

At the same time, I. Gazizullin reminded that all creditors of Naftogaz understood that in the event of any force majeure, the state will always intervene and will provide financial support for the company. So I do not think that the situation comes to the alienation of property Naftogaz or some other serious consequences, - he stressed.

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