Russia will not negotiate delaying repayment over it’s $3 billion (£2 billion) loan to Ukraine that is due in December. Failure to agree on a restructuring of the debt could result in the Ukrainian government being unable to meet the conditions of its latest bailout package agreed with the International Monetary Fund. The agreement requires Ukraine to restructure at least $5.2 billion worth of its debt in 2015. As AFP reported this morning, IMF spokesman William Murray told the press that “if I’m not mistaken, the $3 billion Eurobond comes from the Russian sovereign wealth fund, so it’s official debt”. …read more
Source: Business Insider
