Kiev (AFP) – Ukraine’s biggest private creditors mounted a firm defence Wednesday of their refusal to accept a debt write-off that could keep the impoverished but strategic ex-Soviet nation from slipping into default.The group of four US investment giants — owed nearly two-thirds of the $15.3 billion (13.6 billion euros) Kiev is seeking in debt forgiveness — denied being too firm with a Western ally reeling from a war with pro-Russian militias across its eastern industrial heartland.Kiev argues that investors placed their bets in Ukraine’s Eurobonds when the government was aligned with Russia and must now bear the partial cost …read more
Source: Business Insider
