Ukraine may declare a fiscal default as early as August if authorities fail to reach an agreement with creditors on debt restructuring, a deal that seems unlikely, British magazine The Economist reported on Monday.
Ukraine could default on its government debt within weeks — wrecking chances of fixing the damage done by NATO's proxy war with Russia.
Bloomberg reported that Kiev was unable to strike a deal with creditors during the first round of negotiations regarding the restructuring of its $20 billion debt.
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