Russia’s National Welfare Fund Wants its Ukrainian Loan Money Back
In December 2013, when pro-Russia-leaning Ukrainian President Viktor Yanukovich held executive power, Russia’s National Welfare Fund, purchased US$ 3 billion worth of Ukraine government Eurobonds. The Ukrainian government had paid the first three Eurobond coupons. However, as the relationship between Ukraine and Russia quickly deteriorated and further exacerbated due to the annexation of Crimea by Russia, Ukraine decided to not pay back the loan. Ukraine had refused to pay the US$ 3.075 billion as the bond’s principal and coupon during December 2015.
Getting the Money Back
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