Ukraine makes crunch bond payment, staving off default
Ukraine economy shrank by 17.2%
Kiev - Arab Today
Ukraine on Friday made a crucial Eurobond interest payment that kept the war-torn country from slipping into technical default and potential isolation from global credit markets.
Two sources close to the situation told AFP that money to cover the $120 million (110 million euro) payment was transferred as soon as business hours opened in Kiev. The $2.6 billion note matures in July 2017.
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