Senior Research Fellow of the Razumkov Centre Volodymyr Sidenko told the Slovo i Dilo website that without restructuring external debt some Ukrainian companies are at risk of a default.
After the default of Akhmetov’s company Metinvest, a chain reaction may follow for other financial companies that are already in a pre-default category, according to ratings.
Mostly it concerns the fact that the declared process of external debt restructuring, which is provided by the terms of the IMF loan, is facing significant obstacles. The problem is that if new terms cannot be agreed promptly so that it is actually impossible to pay the …read more
Source: Razumkov Centre