Russia is lone holdout from Ukraine debt swap deal


  • World
  • Thursday, 15 Oct 2015

Women walk in a front of the city council in Kiev, Ukraine, October 8, 2015. REUTERS/Valentyn Ogirenko

KIEV (Reuters) - Ukraine said on Thursday it was prepared to battle Russia in court after the Kremlin refused to join a critical debt swap deal for the beleaguered country that has been accepted by the majority of its other creditors.

The debt relief deal plays a key part in Ukraine's plans to shore up its war-torn economy, which has been brought close to bankruptcy by the separatist conflict in its eastern provinces after years of corruption and economic mismanagement.

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