Ukraine and Russia appear all but certain to take their dispute over a $3 billion Eurobond to court after Ukraine said it would not repay the bond when it matures next week, prompting Russia to cry default and say a legal battle was now on the cards.
VLADIVOSTOK (Sputnik) – The United States will continue pressing the Ukrainian government to implement its commitments under the Minsk ceasefire agreement, US Secretary of State John Kerry said in an interview with Sergey Brilev, host of the Vesti v Subbotu (Saturday News) show on Rossiya-1 television. (More …)
MOSCOW, December 19. /TASS/. Kyiv’s military for about four hours last night shelled the northern and western districts of Donetsk, a source at the defence ministry of the self-proclaimed Donetsk People’s Republic (DPR) told the Donetsk News Agency on Saturday.
The Ukrainian government says it can not pay off its $3 billion debt to Russian Federation without violating its debt-restructuring deal with other worldwide creditors. That move could jeopardize crucial loans that Ukraine has been receiving from a $17.5 billion bailout deal with the International Monetary Fund.
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.
Ukraine announced on Friday it would not make payment on its $3 billion debt to Russia due this weekend, deepening a row with Moscow which said it would take Kyiv to court.
Joe Biden- image source thefriskyUS Vice President Joe Biden meets Ukrainian leaders on Monday to kickstart their drive against corruption and reassure them of Western support in the face of the current focus on Syria. He heads to Ukraine next week.
World News of Friday, 18 December 2015
Ukraine and Russia are on a collision course over major trade and finance disputes, as the European Union prepares to extend sanctions against Moscow for annexing Crimea and fomenting a bloody conflict in eastern Ukraine.