Ukraine Unable to Repay Russian Debt - IMF / Sputnik International:
"Russia will not receive a $3 billion bond owed by Ukraine this year, as International Monetary Fund projections clearly indicate.
The Ukrainian government is squaring up to its international creditors over its plan to restructure the country’s $15 billion debt over the next four years, part of an IMF rescue plan to plug a $40 billion hole in the economically troubled country’s finances, the Financial Times reported.
Anna Gelpern, a law professor at Georgetown University who was previously with the US Treasury, calculated that the IMF has already determined that the bond owned by Russia will be included in the restructuring."
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