Ukraine is still heading for a full-scale default on its public debt of $ 70bn , of which $ 40bn is owed by foreign creditors, and the rest by state or public entities. It has already "technically" defaulted on a 40bn Eurobond on 90 days ; Elliot Management and Aurelius Capital hedge funds are the suspected private bondholders, who, if Ukraine does not pay within 90 days of the default declared, can start eating into Ukraine 's assets. The $ 3bn loan from Russia , due in December , is expected to default as well, since Ukraine does not have the money. Second, if the negotiations on October 14 ended successfully, why schedule yet another meeting in two weeks? At the same time, the International Monetary Fund (IMF), which is Ukraine 's largest official creditor, is under increased pressure from Washington to rewrite the international rules in favour of Ukraine , so that Washington 's debt can be treated as commercial credit. Analysts are concerned that Ukraine 's debt problems may also lead to the demise of the IMF itself.
Ukraine is still heading for a full-scale default on its public debt of $ 70bn , of which $ 40bn is owed by foreign creditors, and the rest by state or public entities. It has already "technically" defaulted on a 40bn Eurobond on 90 days ; Elliot Management and Aurelius Capital hedge funds are the suspected private bondholders, who, if Ukraine does not pay within 90 days of the default declared, can start eating into Ukraine 's assets. The $ 3bn loan from Russia , due in December , is expected to default as well, since Ukraine does not have the money. At the same time, the International Monetary Fund (IMF), which is Ukraine 's largest official creditor, is under increased pressure from Washington to rewrite the international rules in favour of Ukraine , so that Washington 's debt can be treated as commercial credit. Analysts are concerned that Ukraine 's debt problems may also lead to the demise of the IMF itself.