Tag: bankruptcy

Yanukovych’s Bankruptcy: Why Ukraine is Waiting for a Change of Power

December 19, 2013

This article in Forbes Russia predates yesterday’s surprising news that Ukrainian President Yanukovych has signed a $15 billion deal with Russia that has Russia buying Ukrainian government bonds and has Russia slashing the cost of natural gas from $400 per 1,000 to $268.5 per 1,000 cubic meters. As the BBC notes, this will not be […]

Bank of Russia Screws Depositors

August 21, 2013

One of Russia’s banks took a loan from Bank of Russia in order to stay afloat. However, that bank also owed creditors billions of rubles. An appeals court has pronounced that the bank rightfully transferred money to the Central Bank before its other creditors. This decision, however, means that now that the bank is bankrupt, […]