Russia looking to get its loan back early as the stand-off continues
In these circumstances it is highly likely that Russia will be forced in the near future to demand from Ukraine the early repayment of the $3 billion debtRussia lent the money in December 2013 by buying Ukrainian Eurobonds, before the overthrow of pro-Moscow Yanukovich in February last year.
The comments seem to contradict remarks made in November by President Putin, who told German media that Russia did not intend to demand early repayment of Ukraine’s debt as this would cause a financial collapse. I guess though now that their need is a little more urgent.
Earlier this week I reported that the EU were considering another EUR 1.8 bln loan to Ukraine, proving once again that what the left hand receives the right hand may well have to give away.