The Payback: Why Kiev Will Be Forced to Pay Russia What It Owes

The Payback: Why Kiev Will Be Forced to Pay Russia What It Owes

Kiev’s attempts to avoid paying back its $3 billion debt to Moscow could end in the country defaulting on its foreign debt. Why didn’t Kiev’s Western benefactors side with Kiev in the IMF decision on the debt? Sputnik takes a look.

On Tuesday, the International Monetary Fund board recognized Kiev’s outstanding $3 billion debt to Moscow as sovereign, a status Kiev had fiercely contested.