October 21, 2017
- Ukraine suspended its payments on Russian loans. According to the government in Kiev Moscow shows no willingness to cooperate with the lighting of the Ukrainian debt, where other creditors have to participate.
Ukraine and Russia have long been arguing about a loan of $ 3 billion, which Moscow two years ago provided to help then president Viktor Yanukovych in the fire. That ally of President Vladimir Putin appeared shortly thereafter, however, after which Russia invaded the Crimea and fierce battles arose in eastern Ukraine between the Ukrainian army and Russian separatists.
Russia did earlier this year as the only creditor does not participate in the internationally agreed restructuring of the Ukrainian debt. That was part of the conditions for the financial support that the IMF granted to Ukraine. Moscow already threatened Ukraine with a lawsuit if it would renounce its financial obligations.