IMF Staff Said to View Ukraine Russia Bond as Official Debt
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International Monetary Fund staff formed a preliminary view that $3 billion in bonds sold to Russia by Ukraine should be classified as official rather than private debt, according to a person familiar with the matter.
Treating the bonds as state aid, as Russia has sought, would exclude them from the bond restructuring Ukraine is negotiating with a creditor group led by Franklin Templeton, potentially placing a greater burden on private bondholders.