Showing posts with label Default. Show all posts
Showing posts with label Default. Show all posts

Tuesday, April 12, 2016

Ukraine introduces indefinite moratorium on payments of foreign debts

Ukraine has lifted temporary restrictions from its moratorium on the payment of its foreign public debts, including a $3 billion debt to Russia. According to an explanatory note to the relevant draft law, 242 deputies of the Verkhovna Rada (Ukraine’s parliament) voted for the bill. For the approval of the bill 226 votes would be enough.

Thursday, March 3, 2016

Griesa lifts injunctions: 'Argentina needs time to raise money to pay creditors'

U.S. District Judge Thomas Griesa in Manhattan wrote that circumstances have changed so significantly after years in which Argentina refused to negotiate with creditors that his earlier orders have become detrimental to the public interest. He said Argentina also needs time to raise money to pay the creditors, especially since one of the largest deals calls for payment in six weeks.

Saturday, February 6, 2016

Argentina in 'breakthrough' offer to end debt battle . 25 percent "haircut"

Argentina has offered $6.5bn to settle a battle with creditors suing the country over defaulted bonds, seeking to end a long-running row that has hampered the country's access to international capital.

Wednesday, February 3, 2016

Friday, January 1, 2016

Friday, December 18, 2015

Kiev Recognized Default on $3Bln Debt to Moscow, Court Action Imminent

With the announcement of the moratorium on repayment of a $3 billion debt to Russia, the Ukrainian side has practically recognized its default on repayment of a sovereign debt, according to Kremlin spokesman Dmitry Peskov.

Friday, November 13, 2015

Wednesday, November 11, 2015

Thursday, October 29, 2015

IMF review of rules for Ukraine’s benefit may set serious precedent for international law

The International Monetary Fund (IMF) will set a serious precedent in case it carries on its lending program for Ukraine despite Kiev’s refusal to repay $3 bln to Moscow, Ukraine’s former minister of economy and financial expert Victor Suslov told TASS on Thursday, adding that this kind of decision would have been purely political and would have demonstrated revamping of the whole system of international law.

IMF Mulls Reforms to Allow Lending to States in Default

The International Monetary Fund (IMF) seeks to reform its lending policies in order to allow countries to borrow money even if they default on their obligations to bilateral creditors, IMF Communications Director Gerry Rice said in a briefing on Thursday.

Thursday, August 27, 2015

Ukraine clinches debt-restructuring deal with int'l creditors. Fitch downgrades Ukraine’s rating amid reports of debt write-off

Ukrainian government and its international private creditors have reached an agreement on restructuring its outstanding foreign debt after five months of negotiations, Ukrainian Prime Minister Arseny Yatsenyuk said Thursday.

Saturday, August 8, 2015

Griesa grants vulture funds hearing to discuss motion for sanctions

United States District Judge Thomas Griesa has allowed a request by so called “vulture” funds suing Argentina over its defaulted bonds, granting a new hearing for Wednesday 12 to discuss sanctions against Buenos Aires for failing to provide information on Argentine assets held in the US (discovery rights).

Tuesday, July 21, 2015

Greece no longer in default as it repays creditors

Greece's government has raised taxes and repaid billions of euros to its creditors as its banks reopened just days after the country reached a deal with its European partners.

Wednesday, July 15, 2015

Greek PM defends choice of harsh debt deal. ("Signing a document that I do not believe in")

On the eve of the vote in the Greek parliament for the ratification of the agreement for the resolution of the Greek debt crisis which was reached in Brussels on Monday, Greek Prime Minister Alexis Tsipras defended on Tuesday evening his choice of sealing a harsh deal rather than a disorderly default and Grexit.

Thursday, July 2, 2015

Tuesday, June 30, 2015

Greece proposes two-year debt restructure with EU

Greece has submitted to creditors a new two-year aid proposal calling for parallel debt restructuring, the office of Prime Minister Alexis Tsipras has said, in what seemed like a last-ditch effort by Athens to resolve an impasse with lenders.

Sunday, June 28, 2015

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US Democratic congresswoman : There is no difference between 'moderate' rebels and al-Qaeda or the ISIS

United States Congresswoman and Democratic Party member Tulsi Gabbard on Wednesday revealed that she held a meeting with Syrian Presiden...