Ukrainian officials have called this refusal a «moratorium», and some in the Ukrainian media have dubbed it an «embargo», but there is a crystal-clear meaning lurking behind those words, which is that the country is going bankrupt .... http://www.strategic-culture.org
Monday, December 28, 2015
Ukraine’s Bankruptcy. Help from Abroad Won’t Come
On Dec. 18 the Ukrainian government officially announced its refusal to repay its $3 billion debt to Russia. Repayment was due Dec. 20. Kiev also refused to pay both the $75 million in interest on the debt, as well as the additional $507 million that two Ukrainian companies still owe to Russian banks (the Ukrainian government had promised to back those firms’ debts).
Ukrainian officials have called this refusal a «moratorium», and some in the Ukrainian media have dubbed it an «embargo», but there is a crystal-clear meaning lurking behind those words, which is that the country is going bankrupt .... http://www.strategic-culture.org
Ukrainian officials have called this refusal a «moratorium», and some in the Ukrainian media have dubbed it an «embargo», but there is a crystal-clear meaning lurking behind those words, which is that the country is going bankrupt .... http://www.strategic-culture.org
