Sunday, August 30, 2015

Russia to require Ukraine to redeem Eurobonds

By Vladimir V. Sytin
The Ukrainian Times

Recently, a special committee of international creditors has agreed to restructure 20% of Ukraine’s debt. After avoiding a default for a couple of years, Ukrainian neo-Nazi authorities think they are marvelous, like a drunk driver who did not get caught or kill anyone, whereas the international agency Fitch cut Ukraine’s long-term credit rating in foreign currency to C from CC.

However, Russia will require the Ukrainian neo-Nazi regime to redeem Eurobonds worth $3 billion in December. According to Russian finance minister Anton Siluanov, these funds are supposed to be invested in development of the infrastructure of Russia’s economy.

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