Ukraine refuses to repay $3bn loan owed to Russia after bitter row
by Phillip Inman Economics correspondent from Economics | The Guardian on (#Y4EK)
Kiev's rejection of payment proposal could hinder Ukrainian efforts to restructure country's growing debt with international creditors
Ukraine has refused to repay Russia a $3bn (2.01bn) loan after a bitter row that could put on hold Kiev's plans to restructure its growing debt with international creditors.
The Ukrainian government rejected a Kremlin proposal for repayments in three tranches of $1bn, putting the entire amount on the path to default.
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