Default

Ukraine's Debt Crisis: A Closer Look at the Possibility of Default (2014)

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Ukraine is a country located in Eastern Europe that gained independence from the Soviet Union in 1991. Despite its large land area and rich natural resources, Ukraine's economy has struggled since its independence, and the country has been facing various financial challenges in recent years. One of the biggest challenges Ukraine has faced is the possibility of default. A default is defined as a situation where a borrower is unable to repay its debt. The possibility of default in Ukraine has…