Ukraine could be set for yet another showdown with Russia over a $3 billion debt bill. The International Monetary Fund (IMF) is assuming that $3 billion of debt owed by Ukraine to Russia this year will have to be restructured as part of the country’s bailout package. There’s only one problem — Russia doesn’t want to play ball. The IMF released details of its $17.5 billion rescue package, including an economic reform programme on March 12. This includes what they are calling “debt operations”, but what most of the outside world would call debt restructuring whereby the country either imposes …read more
Source: Business Insider
