: :inin Kyiv (EET)

Ukraine Says it Can’t Pay Off Debt to Russia


Ukraine faces a looming debt default after the country’s finance ministry said Thursday that the country cannot make a $3 billion debt due to Russia this weekend without violating a debt-restructuring deal with other international creditors.

Ukraine, which is supposed to pay down the debt by Sunday, said it is ready to keep negotiating with Russia about restructuring the debt. Russia has said it would sue Ukraine if it doesn’t get its money back on time.

Relations between the two neighbors soured after Russia annexed the Crimean peninsula in March 2014 and threw its backing behind separatist rebels in eastern Ukraine. Ukrainian …read more

Source: Voice of America

World press about Ukraine

This website is created to observe information about Ukraine in the world media. More information about press.uaposition.com you can read here

World press category: terms & conditions