Ukraine's Prime Minister Arseny Yatseniuk speaks during a news conference in Kiev, Ukraine, October 15, 2015. REUTERS/Valentyn Ogirenko
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Ukraine said Thursday it was prepared to battle Russia in court after the Kremlin refused to join a critical debt swap deal for the beleaguered country that has been accepted by the majority of its other creditors.Ukraine agreed the debt exchange with a group of its largest creditors in order to plug a $15 billion funding gap under an International Monetary Fund-led $40 billion bailout program, but remaining creditors still needed to approve the plan by vote Wednesday.The IMF has not yet decided whether it views Russia's bond, which matures on Dec. 20, as official sector debt. Ukraine insists it will not pay the debt in full or offer better repayment terms than those offered to other creditors.
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