Russia May Demand Payment of Ukraine Bailout Bond Amid IMF Talks
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Russia said it may seek early repayment of a $3-billion loan to Ukraine, as the war-torn nation races to secure more International Monetary Fund aid to avoid default.
The government in Moscow can demand repayment as Ukraine’s public debt has exceeded 60 percent of gross domestic product, violating the terms of the loan, state-run Ria news service reported today, citing Russian Finance Minister Anton Siluanov. TASS, another state-run agency, quoted an unnamed Russian official as saying the country will probably demand repayment “in the near future.”