Kiev (Ukraine) (AFP) – Ukraine was expecting the announcement on Friday of a crucial debt restructuring agreement that could save the pro-West but strife-torn country from a devastating default.Five months of excruciating negotiations between Kiev’s cash-strapped leadership and some of the world’s biggest commercial creditors have reached the finishing line with the outcome still in serious doubt.At issue is both a debt burden of around $19 billion and the very economic future of Ukraine — a vast former Soviet republic straddling the diplomatic no-man’s-land between the European Union and an increasingly assertive Russia.The possibility of Ukraine either outright defaulting on …read more
Source: Business Insider
