Kiev Could Default
World Economy

Kiev Could Default

As Ukraine’s $3 billion Russian debt deadline looms, President Petro Poroshenko’s government is considering its options, including default, RT reported. Kiev could default if it fails to make repayment on the $3 billion Eurobonds maturing this December, said the Ukrainian Finance Minister Natalie Jaresko in an interview with local TV. US-born Jaresko said currently Kiev cannot make the payment because the IMF restructuring program clearly defines the payout procedure. However, the Kremlin has said that “the so-called debt operation, which Russia takes no part in, cannot ease Ukraine’s debt burden,” and that litigation costs and penalty interest for overdue payments would cost Kiev much more than paying on time.


Short URL : http://goo.gl/rC2ChD
  1. http://goo.gl/KwijWz
  • http://goo.gl/EDYY0T
  • http://goo.gl/ng7iIy
  • http://goo.gl/9nK9T3
  • http://goo.gl/vsc8sR

You can also read ...

Close to 40% of digital transformation initiatives will be supported by AI capabilities.
The digital economy in Asia-Pacific, or APAC, is expected to...
An electronic stock indicator of a securities firm in Tokyo.
As investors come to terms with the impending end of easy...
Most economists would agree that Italy needs faster economic growth if it is to resolve its public debt  and banking-sector problems in an orderly manner.
Italy’s economy is growing again, but it’s still the worst...
Maersk is expanding its competitive universe to include different types of companies.
The world’s largest container company will start looking for...
Lloyds Profits Miss Forecasts
Lloyds Banking Group PLC raised its 2017 dividend by 20% and...
CBs May Top Inflation Targets
Not only will central banks meet their inflation targets, they...
Pak Current Account Gap Widens
Pakistan’s current account deficit widened 28.74% on a month-...
NZ Says Pacific Trade Deal Will Boost GDP
New Zealand estimates a Pacific trade deal would boost its...