Forget Templeton, Ukraine Still Has Putin Bond to Deal With
- $3 billion Eurobond owed to Russia comes due in December
- Russia is refusing to take part in sovereign restructuring
There’s a $3 billion Eurobond due in December that former President Viktor Yanukovych sold to Russia shortly before his ouster in February 2014 and Vladimir Putin’s annexation of Crimea a month later.
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If you thought Ukraine’s five-month debt-restructuring battle with Franklin Templeton was tough, just wait until the country with its second-biggest creditor, Russia.
There’s a $3 billion Eurobond due in December that former President Viktor Yanukovych sold to Russia shortly before his ouster in February 2014 and Vladimir Putin’s annexation of Crimea a month later.