Contents tagged with $3 Billion Debt
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Moscow to sue Kiev over $3 billion debt
The Russian Ministry of Finance has declared that Kiev is in a “state of default”, and that Moscow is taking legal action against Ukraine. The $3 billion Eurobond debt owed to Russia was loaned during the reign of former president Viktor Yanukovich in 2013 under the stipulation that Ukraine forgo any steps towards European integration, namely the ratification of the Ukraine–European Union Association Agreement.
Russian authorities have contacted the Law Debenture Corporation and initiated the …