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To: FreeReign
The 2013 loan package wasn't signed off by either side.

The only discount active was the Black Sea Fleet lease discount.

More precisely I should say the 2013 loan package was never ratified and Russia never bought the bonds.

47 posted on 04/13/2014 11:18:41 AM PDT by FreeReign
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To: FreeReign
More precisely I should say the 2013 loan package was never ratified and Russia never bought the bonds.

Russia purchased approximately $3 billion of the special bonds which have a clause making them 'callable' if the debt to GDP level of Ukraine exceeds a certain percentage.

Essentially that means if Ukraine takes another loan out, Russia gets paid off immediately.

69 posted on 04/13/2014 2:00:17 PM PDT by mac_truck ( Aide toi et dieu t aidera)
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