Russia is threatening to call in its $3 billion loan to Ukraine early in a move that could push the war-torn country into default. Last week Russian Finance Minister Anton Siluanov announced that Ukraine had breached the terms on the loan that was agreed between Moscow and then Ukrainian President Viktor Yanukovych, who fled the country following mass protests in the capital Kiev last year. Under the terms of the deal, Yanukovych had agreed to cap Ukraine’s national debt at 60% of GDP. However, the ongoing civil war in the east of the country and a stand-off between its two …read more
Source: Business Insider
