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
