: :inin Kyiv (EET)

Ukraine gives Russia 2 weeks to agree to debt restructuring


MOSCOW (AP) — Ukraine’s prime minister has given Russia two weeks to agree to a restructuring deal for a $3 billion loan or face a lawsuit.Arseny Yatsenyuk was quoted by Russian news agencies as saying Thursday that all Ukrainian bondholders on Wednesday agreed on the previously announced restructuring deal while a Russian representative did not show up. He said he would give Moscow two weeks until Oct. 29 by which it should either agree or expect a lawsuit.The August deal sees creditors write off 20 percent of their bond holdings, shrinking $19 billion in Ukraine’s sovereign debt to $15.5 billion.Moscow …read more

Source: Business Insider

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