Russia Offers Plan to Restructure Ukraine’s Debt

Lesson Brief Ведомости
Russia offered to restructure Ukraine $3 billion payment coming due in December on Monday. The plan states that Ukraine will not have to pay anything back in 2015. Instead, it will pay back three equal payments of $1 billion in 2016, 17, and 18. Moreover, Russia will require a credit guarantee for the three repayments from the United States, European Union, or another major financial institution.  
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