Ukraine President's Ally Rejects Billionaire's Default Call
- Kolomoisky said default on external debt could help finances
- Ukraine restructured foreign debt in 2015 with 20% write-down
Oleksandr Danylyuk
Photographer: Genya Savilov/AFP via Getty Images
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An ally of Ukrainian President Volodymyr Zelenskiy rejected an influential businessman’s call to default on the nation’s external debt, saying the proposal is the view of a “detached oligarch.”
"Default is not in the interest of the state. Any responsible government must avoid it," former Finance Minister Oleksandr Danylyuk, who advised Zelenskiy’s campaign and is slated to join the National Defense and Security Council in the new administration, told Bloomberg. He was responding to comments made by billionaire Igor Kolomoisky in an interview published in the Financial Times.