Does Ukraine owe anything to an aggressor?

Written by on March 25, 2014 in Europe - Comments Off on Does Ukraine owe anything to an aggressor?

Russia’s annexation of Crimea, including the energy resources and military hardware and bases there, give the Ukrainian government the right of writing off at least $5 billion of its debt to Russia, analysts say.

“An obvious focal point for the Ukrainian government now that Russia has intervened across its border, and actually seized land and assets is debts owed to Russia,” mentioned Tim Ash, head of emerging markets research at Standard Bank Group.

Ukraine owes Russia some $2 billion for natural gas delivered in 2013, and an additional $3 billion once bonds mature in 2015 that Russia purchased from it.

For the full story, please visit The Kyiv Post.

Comments

comments

About the Author