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Bailout projections indicate Ukraine will not repay Russia debt: FT
London. Russia will not receive a USD 3bn bond owed by Ukraine this year, according to International Monetary Fund projections underpinning Kiev’s new bailout, say credit experts, the Financial Times reads. The Ukrainian government is squaring up to its international creditors over its plan to restructure USD 15bn of debt over the next four years, part of an IMF rescue to plug a USD 40bn hole in the war-torn country’s finances. The IMF’s plan hinges on co-operation from creditors to accept some sort of restructuring on their debt. This includes Russia, which is due to be repaid a USD 3bn bond in December.
The IMF’s plan hinges on co-operation from creditors to accept some sort of restructuring on their debt. This includes Russia, which is due to be repaid the USD 3bn bond in December. Anna Gelpern, a law professor at Georgetown University who was previously with the US Treasury, calculates that the IMF has already made an assumption that the bond owned by Russia will be included in the restructuring.
London. Russia will not receive a USD 3bn bond owed by Ukraine this year, according to International Monetary Fund projections underpinning Kiev’s new bailout, say credit experts, the Financial Times reads. The Ukrainian government is squaring up to its international creditors over its plan to restructure USD 15bn of debt over the next four years, part of an IMF rescue to plug a USD 40bn hole in the war-torn country’s finances. The IMF’s plan hinges on co-operation from creditors to accept some sort of restructuring on their debt. This includes Russia, which is due to be repaid a USD 3bn bond in December.
The IMF’s plan hinges on co-operation from creditors to accept some sort of restructuring on their debt. This includes Russia, which is due to be repaid the USD 3bn bond in December. Anna Gelpern, a law professor at Georgetown University who was previously with the US Treasury, calculates that the IMF has already made an assumption that the bond owned by Russia will be included in the restructuring.