Ukraine's state energy company, Naftogaz, has failed to pay a maturing $1.6 billion debt, raising risks of a default on the country's sovereign Eurobonds and sending debt insurance costs to seven-month highs.
Ukraine's Energy Challenge
Ukraine's state energy company, Naftogaz, has failed to pay a maturing $1.6 billion debt, raising risks of a default on the country's sovereign Eurobonds and sending debt insurance costs to seven-month highs.