President Vladimir Putin is warning that he could call in Russia’s $3 billion loan to Ukraine at any time, a move that would spark a stand-off with the International Monetary Fund (IMF). Under the terms of the original 2013 deal, negotiated with then President Viktor Yanukoych who fled the country last year following massive anti-government protests, Ukraine had to keep its national debt below 60% of GDP. That condition has now been clearly breached allowing Moscow to recall the loan at any time. On Wednesday Putin explained the reasons why his government is yet to do so: “However, by the …read more
Source: Business Insider
