33251
Ukraine Officially Defaults
World Economy

Ukraine Officially Defaults

Russia’s Finance Ministry is filing a lawsuit against Ukraine for failing to pay off its $3 billion debt to Russia before the December 31 deadline. This means that Ukraine is now officially in a state of default, the ministry added, RT reported. “Ukraine has not made the payment of $3.075 billion in repayment and servicing of external bonds owned by Russia during the grace period, which expired on December 31, 2015. Thus, Ukraine is in a state of default now,” the ministry said in a statement. The lawsuit will be filed in the London Court of International Arbitration.

 

Short URL : http://goo.gl/iKU7tK
  1. http://goo.gl/y7aJLZ
  • http://goo.gl/zxY7Oh
  • http://goo.gl/HF1jnt
  • http://goo.gl/K6EVdN
  • http://goo.gl/AlrdrJ

You can also read ...

US Economy Back on Top of World Competitiveness Ranking
Marking its 30th edition this year, the IMD World...
Some 96% believe that bribery and corruption was an important issue to tackle.
Almost one out of two large global companies experienced some...
China Debt Crackdown Leaves Institutions Short of Cash
China is cutting off funds to financial companies and banks...
Deutsche Bank Will Cut 7,000 Jobs
Deutsche Bank said on Thursday it will reduce global staff...
Taiwan Growth Forecast Upgraded to 2.6%
The directorate general of budget, accounting and statistics...
Turkey Raises Rates Sharply to Prop Up Lira
Turkish President Recep Tayyip Erdogan is facing a potentially...
Two Oman Banks Discuss Merger
Oman Arab Bank has initiated merger talks with fellow Muscat-...
MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat.
Market sentiment was a little shaky on Friday with Asian...

Trending

Googleplus