Friday 16 October 2015

Legal fight looms over Ukraine’s $3bn debt to Russia - FT.com

Legal fight looms over Ukraine’s $3bn debt to Russia - FT.com:

"A legal fight is looming over a $3bn bond owed by Ukraine to Russia after Moscow refused to join other bondholders in a debt restructuring and both sides said they were prepared to take the matter to court.
Russia emerged on Thursday as the lone holdout in the $18bn restructuring deal offered by cash-strapped Kiev — involving a 20 per cent writedown on the value of its debt and extended repayments — which other private shareholders voted to accept."



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