Ukraine said on Thursday it was prepared to battle Russia in court after the Kremlin refused to join a critical debt swap deal for the beleaguered country that has been accepted by the majority of its other creditors.
The debt relief deal plays a key part in Ukraine’s plans to shore up its war-torn economy, which has been brought close to bankruptcy by the separatist conflict in its eastern provinces after years of corruption and economic mismanagement.
Ukraine had agreed the debt exchange with a group of its largest creditors in August in order to plug a $15-billion funding gap under an …read more
Source: Voice of America
