: :inin Kyiv (EET)

IMF rules Ukraine must repay Russian bond

The International Monetary Fund ruled Wednesday that Ukraine must repay a $3 billion bond bought by Russia in 2013.
Kiev had been trying to force Moscow to accept restructuring terms agreed with U.S. investment firm Franklin Templeton but Russia insisted that the debt, which matures Sunday, must be paid in full. The IMF has decided that the money constitutes official sovereign funds rather than a commercial bond, thus putting pressure on Ukraine to negotiate with Russia.

Earlier this month the IMF changed the rules on emergency lending so that countries in arrears with other nations were no longer prevented from receiving IMF …read more

Source: European Voice

World press about Ukraine

This website is created to observe information about Ukraine in the world media. More information about press.uaposition.com you can read here

World press category: terms & conditions

Share This

Share this post with your friends!