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Valentin KATASONOV – Ukraine’s Default, Kiev’s Desperate Maneuvers, and IMF’s Backroom Deals

Ukraine is headed straight toward a full-scale default on its public debt, which currently totals $70 billion, of which $40 billion is owed to foreign creditors, about half of whom are private lenders, while the others are official state or public entities (such as foreign governments and international financial institutions). Strictly speaking, Ukraine has already defaulted, because on September 23 …