Shutterstock.A two-step solution — if enacted — would allow Ukraine and Russia to end a multi-year deadlock and recognize the needs of all involved:Ukraine and Russia are at a stalemate over the US$3 billion bonds due in December 2015 that were purchased by the Russian government in 2013. Russia believes the bonds are an official concessional loan that should receive preferential treatment in any debt restructuring. Ukraine claims the bonds are a commercial investment that should receive the same treatment as bonds held by private-sector investors.There is a fair and simple solution to the impasse:First, compensate Russia for the concession …read more
Source: American Enterprise Institute for Public Policy Research