Russia proposes restructuring of $3bn Kiev debt - FT.com:
"Russia has proposed a restructuring of the $3bn bond owed to it by Ukraine, an about-turn from Moscow’s earlier insistence of full repayment next month.
The move offers a glimmer of hope that Russia and Ukraine can avoid a legal clash over the debt — a threat raised after Russia refused to participate in the $18bn restructuring deal Kiev reached with other creditors a month ago. However, question marks hang over the Russian offer as President Vladimir Putin made clear that he expects the International Monetary Fund to guarantee the debt."
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