London or Paris: which is the club for Russia's Ukraine debt?

March 27, 2015 10:59 AM

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London or Paris: which is the club for Russia's Ukraine debt?

(This version of the March 26 story officially corrects paragraph 19 to reflect IMF's revised remarks; replaces word commercial in lead and paragraph 2 to clarify)

LONDON (Reuters) - A legal conundrum is threatening plans to ease Ukraine's debt burden and possibly its entire $40 billion (26.9 billion pounds) IMF-led bailout: should a $3 billion Eurobond held by Russia be classed as bilateral sovereign debt or a plain vanilla bond?

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