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Fitch Ratings declares Belarus in default

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Fitch Ratings downgraded Belarus’ standing to the default score of RD, citing its failure to repay a coupon payment on $600 million in greenback-denominated bonds due in 2027. Belarus said in late June that dollar payments would be made in rubles. “This contravenes bond documentation that does not allow for settlement in alternative currencies,” Fitch Ratings’ statement reads.

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The Kyiv Independent news desk

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Washington and Kyiv will invest $75 million each to kickstart the Ukraine reconstruction investment fund that gives the U.S. special access to mineral sites and other projects in Ukraine, the Economy Minister Oleksii Sobolev told journalists on Sept. 17.

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