S&P Global Rating estimated Ukrainian debt repayment in 2017-2020 at over $20 billion, which exceeds the country’s current gold and exchange reserves. According to a report by Ukraine’s National Bank, as of May 1, the gold and exchange reserves are $17.2 billion. Ukraine began negotiations on the restructuring of its $19.3 billion debt in 2015. In August 2015, Kiev reached an agreement with creditors […]
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Source: South Africa Today
