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  • Poroshenko Signs Moratorium on Foreign Debt Repayment (Ukraine)

    05/28/2015 9:21:20 AM PDT · by tcrlaf · 1 replies
    Sputnik ^ | 5-28-2015 | Sputnik
    Ukrainian President Petro Poroshenko has signed a law allowing Ukraine to impose a moratorium on repayment of its foreign debt until at least July 2016, a press release on Poroshenko's official website said Thursday. The Ukrainian parliament approved the bill, which could affect repayment of the country's $3-billion debt to Russia on May 19. Russian President Vladimir Putin said earlier the bill de facto was an announcement of a default, casting a negative light on the professionalism of Ukraine's leadership. Moreover, Russian Finance Minister Anton Siluanov said that Moscow would turn to an international court if the Ukrainian president signed...