There is no way that Ukraine can afford to pay the IMF loan and worse still if it has to pay for the $3 billion it owes Moscow to the IMF. Ukraine is still hoping that the IMF will allow them to default on the Moscow loan. My guess is, that Russia will up the price of it’s gas to Ukraine which means that Germany will have to pay more for theirs. Still the EU and the IMF are good at asset stripping countries who fall behind with their payments, that’s if the oligarchs have left any assets left to the country.
MOSCOW (AFP) – President Vladimir Putin called Tuesday on the International Monetary Fund (IMF) to lend an additional $3 billion to Ukraine to help the ex-Soviet country pay off its debt to Russia.
“Why does the IMF not want to add these $3 billion so Ukraine can pay back?” Putin said at a government meeting, Russian news agencies reported.
Russia has been blocking the IMF’s $17.5-billion rescue plan for Ukraine, which restricts Kiev’s ability to restructure billions of dollars in debt, including some held by Moscow.
Moscow remains adamant that Ukraine should repay by December the $3 billion it issued to Russian-backed president Viktor Yanukovych ahead of pro-European protests that ousted him in February 2014.
Russia has said it would consider Ukraine’s failure to pay by the deadline as a default, with Finance Minister Anton Siluanov saying a “concrete action plan in case of a Ukrainian default” was…
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