: :inin Kyiv (EET)

Ukraine gives Russia 2 weeks to agree to debt restructuring


Ukraine and its international creditors agreed in August to write off 20 percent of Ukraine’s bond holdings, shrinking $19 billion in the country’s sovereign debt to $15.5 billion.

Ukraine has contended that the Russian loan, which was extended to then-President Viktor Yanukovych in 2013 a few months before he fled the country, was a de-facto bribe for the Russian-friendly ruler who was facing street protests.

A default involves certain procedures, Peskov said when asked whether Russia would be prepared to take legal action against Ukraine. …read more

Source: San Francisco Chronicle

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