Russia Doesn’t Want to Force Ukraine Into Default, Medvedev Says
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Prime Minister Dmitry Medvedev said Russia isn’t seeking a Ukrainian default and will decide soon whether to demand early repayment by its neighbor of a $3 billion bond.
Russia has the right to seek payment before the debt matures in December because Ukraine’s state borrowing has breached 60 percent of gross domestic product, violating the bond’s terms, Medvedev told a conference in Moscow today, reiterating Jan. 10 remarks by Finance Minister Anton Siluanov.