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Author Topic: Ukraine refuses to pay debts to Russia  (Read 249 times)

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Online msmoby

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Ukraine refuses to pay debts to Russia
« on: December 18, 2015, 10:41:52 AM »
..and Russia would have to take Ukraine to Court in.... Britain..

http://www.bloomberg.com/news/articles/2015-12-18/ukraine-defaults-on-3-billion-russia-bond-as-court-battle-looms

''Ukraine said it won’t repay $3 billion in bonds due to Russia, moving a step closer to a court battle amid a new wave of economic tension between the two ex-Soviet neighbors.
Prime Minister Arseniy Yatsenyuk said Kiev is imposing a moratorium on the note due Dec. 20, which Russian President Vladimir Putin bought two years ago as part of an abortive bail-out for Ukraine’s former leader just months before he was toppled. Russia said on Friday it will wait until a 10-day grace period on the bond expires on Dec. 30 before starting legal action.''