Ukraine President's Ally Rejects Billionaire's Default Call

An ally of Ukrainian President Volodymyr Zelenskiy rejected an influential businessman’s call to default on the nation’s external debt, saying the proposal is the view of a “detached oligarch,” Bloomberg News reported. "Default is not in the interest of the state. Any responsible government must avoid it," former Finance Minister Oleksandr Danylyuk, who advised Zelenskiy’s campaign and is slated to join the National Defense and Security Council in the new administration, told Bloomberg. He was responding to comments made by billionaire Igor Kolomoisky in an interview published in the Financial Times. Investors are assessing the agenda of Zelenskiy, a comedian-turned politician who won the presidency in a landslide last month after a campaign focused on vague promises to tackle corruption. Read more

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